Foreign investments, 143% higher than in 2005

According to data from the National Bank of Romania, the volume of foreign investment attracted in the first quarter of this year climbed to 1.7 billion euros, a 143% increase against the same period last year. This is the highest level ever seen in the first three months of the year, coming close to the volume of foreign investment attracted in the January-July period of 2005, which stood at 1.8 billion euros. The National Trade Registry Office (ONRC) also recently reported an increase in the share capital of companies that have foreigners among its shareholders, by some 54% in the first quarter, against the same period last year, to 297 million euros. The Office calculates foreign investment based on the share capital subscribed in companies with foreign shareholders among their shareholders, while the NBR uses the stakes of direct foreign investors in the share capital of companies, the reinvested net profit and other reinvested capital, as well as the net credit granted to companies by foreign investors. ZF