The level of foreign direct investments will stand at 7.6 - 8 billion euros this year estimates the National Forecasting Commission (CNP). According to the estimates, 2007 could see foreign direct investments reach the second highest level ever, after last year saw an all-time high, with foreign direct investments standing at 9.1 billion euros. If excluding the 2.2 billion euros collected last year by the Romanian state from the privatisation of BCR, last year's foreign direct investments amounted to 6.9 billion euros, lower than this year's officially estimated figure. So far, the almost 8 billion-euro estimate is optimistic, and exceeds the forecasts of 5-6.5 billion euros, made by international financial institutions for Romania. "The estimate we have reached so far is of 7.6 billion euros, but we will make a final reappraisal of the capital and financial account (a chapter of the balance of payments, which includes foreign direct investments), which may put the final figure close to 8 billion euros," Ion Ghizdeanu, chairman of the CNP told ZF. So far, the National Bank (the institution that publishes monthly data on foreign investments) has reported that foreign investments witnessed a decline in the first two months of the year, compared with the same period last year.
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