“Attracting more investments continues to be the main problem and, given the markets’ volatility, the European funds are a relatively safe source for investments,” Isarescu told a round table discussion.

“Can Romania still hope to attract big capital inflows? We are talking about billions of euros,” he added.

Foreign direct investments in Romania fell 13.6% on the year to EUR1.92 billion in 2011, the lowest level in the past nine years. In the first four months of 2012, FDI stood at EUR446 million, down from EUR490 million in the year-ago period.