In the first half of 2009, 11 transactions took place in Romania, according to the United Nations Conference on Trade and Development (UNCTAD) report.
The value of net cross-border M&A sales in Romania fell by 44% last year to $1.1 billion in 39 transactions, the report showed. Net cross-border M&A sales in a host economy are calculated by extracting the sales of foreign affiliates in the host economy from the sales of companies in the host economy to foreign trans-national corporations.
Bulgaria, which joined the EU together with Romania in January 2007, had $145 million in net cross-border M&A sales in the first six months of the year in eight deals. Last year, cross-border M&A totalled $186 million, sharply down from $971 million in 2007. Bulgaria handled 26 M&A deals last year, the report showed.
Austria had the lowest level of cross-border M&A in the first half of 2009, $7.0 million.
($=0.6814 euro)