In monetary terms, FDIs were worth some €6.4 billion in this period. In August alone, foreign direct investments amounted to €733 million, after reaching €5.769 billion in the first seven months. A few days ago, statistics issued by the National Bank of Romania (BNR) showed that FDI in the first eight months reached €6.5 billion.
Broken down, of total foreign direct investments in Romania in the January-August 2008 period, participation in capital and reinvested profit made up 53.3 percent, while intra-group loans account for the remaining 46.7 percent.
It is expected that FDI will amount to €9-10 billion in 2008. While some individuals are optimistic that the financial crisis will not affect FDI in Romania in the coming period, financial market analysts warn that the country cannot be immune to what is happening internationally, although they add that this will probably only be visible as of 2009. In a declaration for Business Standard, Lucian Anghel, Chief Economist of Banca Comerciala Romana (BCR) indicated that he believes “the drop will not be drastic, and significant investments will continue in Central and Eastern Europe. Furthermore, there are areas with major potential for investments, such as the auto industry, tourism, and agriculture.”
