Romanians working abroad remained the biggest “foreign” investors in the country. Thanks to them, the leu lost only a little ground to the euro, merely 2% since the beginning of the year until late October, and the current account deficit remains fundable.
Romanian workers abroad have sent EUR37.3 billion back home over the past decade and foreign direct investments stood at EUR34.5 billion, Romania’s central bank data show.
They also sent EUR56.8 billion back home between January 1, 2007, when Romania joined the EU and late August this year. The net amounts Romania got from the EU (the amounts received minus the country’s own contribution to the EU budget) stood at EUR39.6 billion during the same period.
(English version by Loredana Fratila-Cristescu)