The trend of foreign investments contradicts the extreme optimism of the authorities who hoped to get EUR3.5 -EUR4 billion this year.
Although Romania returned to economic growth, its performance did not make it more attractive in the eyes of foreign investors. Some analysts characterize the evolution of foreign investments as “disappointing”.
“Data regarding direct foreign investments published today (Tuesday, December 13) do not alter the picture painted by the previous figures -which we interpret as disappointing,” says Vlad Muscalu, economist at ING Bank.
Romania is dependent on external financing and this is becoming increasingly problematic in the current extremely strained international context.
“Romania remains largely dependent on foreign capitals both for financing its budget deficit and its current account deficit – which is still the largest in the region, despite the strong adjustment recorded in the last few years, as well as to roll over the external debt,’ says Ionut Dumitru, chief economist at Raiffeisen Bank.
(English version by Daniela Stoican)