Loading ...Retail and industry became the main engines that draw foreign investments in the context in which constructions might reports slowdown, show the figures presented by the Romanian Agency for Foreign Investments (ARIS).
According to the Romanian Agency for Foreign Investments, the foreign direct investments (ISD) drawn by Romania in the first eight months of the year reported a rise of 32% as against the same period of 2007.
In monetary terms, the foreign direct investments reached in this period about 6.4 billion euros.
In August alone, foreign direct investments totalled 733 million euros, after reaching 5.769 billion euros in the first seven months.
In monetary terms, the foreign direct investments reached in this period about 6.4 billion euros.
In August alone, foreign direct investments totalled 733 million euros, after reaching 5.769 billion euros in the first seven months.
A few days ago, another statistic, compiled by the National Bank of Romania (BNR) showed that the foreign directs investments of the first eight months of the ongoing year amounted to 6.5 billion euros. Of the total of foreign direct investment made in Romania over January-august 2008, the participations in capital and the reinvested profit accounted for 53.3% and the intra-group loans accounted for the remainder of 46.7%.
For the entire 2008 it is estimated that the volume of the foreign direct investments will be of 9-10 billion euros.
For the entire 2008 it is estimated that the volume of the foreign direct investments will be of 9-10 billion euros.
In August, Varujan Vosganian, Minister of Economy and Finance estimated that the foreign direct investments will reach this year 10 billion euros. Vergil Voineagu, president of the National Statistics Institute (INS), but also the National Commission for Economic Projection (CNP) estimated the same sum for foreign direct investments: 10 billion euros.
The National Commission for Economic Projection remains optimistic and deems that the value of foreign direct investments will reach 10 billion euros.
The National Commission for Economic Projection remains optimistic and deems that the value of foreign direct investments will reach 10 billion euros.
“I believe the value of foreign direct investments will be of 10 billion euros. If in the first 8 months, we had 6.5 billion euros, then in the upcoming months we might face a growth of up to 10 billion. I do not believe the crisis will have big impact on investments. Therefore, we do not plan downward revision of the foreign direct investments,” Ion Ghizdeanu, president of the National Commission for Economic Projection, told daily Business Standard.
President of the National Statistics Institute Vergil Voineagu deems that the target will be met. “I continue to remain optimistic and I think we’ll have investments worth some 10 billion euros this year. I believe we’ll reach this level,” said Vergil Voineagu.
However, experts on the market warn against Romania’s not remaining immune to the international financial crisis.
However, experts on the market warn against Romania’s not remaining immune to the international financial crisis.
Lucian Anghel, chief-economist with the Romanian Commercial Bank (BCR) deems that Romania will be harmed by the crisis, but most likely to a less extent. “We estimate that this year the foreign direct investments will be of some nine billion euros. Investments will slow down, but this will be seen better probably in 2009.
However, the drop will not be drastic, we’ll continue to have significant investments we compared to Central and Eastern Europe. Besides, there are fields with big potential for investments, such as the automotive industry, tourism or agriculture,” said Anghel.
Loading ...
Comentează acest articol