Romania owns abroad several billion euros in property, shares in financial institutions or historical claims, as well as the Central Bank’s international reserves, most of them located abroad.

One of Romania’s most valuable properties abroad is a 15-floor building in Manhattan, New York, which hosts the Consulate General of Romania in New York, other diplomatic institutions and apartments for the diplomatic missions. The building is located on Third Avenue and has 6,700 sqm, reports local Capital.ro.

This is, however, only one of the 114 properties that the Romanian state owns abroad, in places such as Moscow, Beijing, Paris, Rome, Prague, Athens, and other capitals. Most of them host diplomatic missions.

Romania’s foreign assets include shares in the International Monetary Fund, amounting to some EUR 800 million, or 0.43% of the total shares, as well as shares in the International Bank for Reconstruction and Development (IBRD), which reach USD 30.5 million.

The Romanian National Bank’s international reserves, of about EUR 29.3 billion, are kept in other central banks abroad or in international financial institutions.

Romania also has historical claims that date back from the Communist period, when Romania was a big exporter in Africa and the Middle East. Romania had to receive USD 1.1 billion plus 1.28 billion transferable rubles, as of 2012.

editor@romania-insider.com