Compared with the current account deficit covered by the FDI in 2006, which stood at 91%, the estimated figure of 2007 is considerably low, Ghizdeanu said. According to the CNP estimates, the country’s trade deficit will amount to 11.5% of the GDP in 2007, and the percentage may go up if the internal consumption exceeds capital inflows. Such a deficit may be maintained in the context of an economic growth of 6.5% and foreign investments of some €8 billion, Ghizdeanu was cited as saying by the official Rompres news agency. In Ghizdeanu’s opinion, if the imports of technology and intermediary goods exceed the initial forecast, the current account deficit may modify. A total of €9.1 billion was invested in Romania by foreign companies in 2006. The FDI in January – February 2007 totaled €900 million, down 27.7% compared to that of 2006. (people.com.cn)
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