Romania sees 34% drop in FDI

Romania experienced a decline in foreign direct investment (FDI) during the first eleven months of 2023, registering an amount of 6.313 billion euros ($6.919 billion). This figure marked a decrease from the 9.547 billion euros reported during the same period in 2022, as disclosed by the national central bank on Friday.

The net equity investment, encompassing estimated net reinvestment of earnings, reached a total of 5.996 billion euros in the eleven months through November. Additionally, net intercompany lending amounted to 317 million euros, according to provisional data outlined in the central bank’s balance of payments report.

In terms of business establishment, the data from the Trade Office Registry revealed a 6.2% year-on-year decrease in the number of new businesses with foreign capital set up in Romania during the first eleven months of 2023, totaling 6,447.

Comparatively, in 2022, FDI in Romania saw an increase, reaching 10.698 billion euros, up from 8.94 billion euros in 2021.