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NBR: Non-residents’ direct investment in Romania covered entirely the current account deficit

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2011-04-13 11:13

In January-February 2011 the balance-of-payments current account posted a deficit of EUR 44 million, as compared to EUR 747 million in January-February 2010, due to the decrease in trade deficit and the increase in current transfers surplus. (See the attached document )rnrnNon-residents’ direct investment in Romania worth EUR 294 million1 (as compared to EUR 140 million in January-February 2010) covered entirely the current account deficit in the first two months of 2011. Out of the total figure, intra-group loans2 amounted to EUR 267 million and equity stakes consolidated with estimated net loss to EUR 27 million. rnrnMedium- and long-term external debt at end-February 2011 stood at EUR 72,862 million (79.4 percent of total external debt), 1.1 percent above the level recorded at end-2010.rnrnShort-term external debt at end-February 2011 totalled EUR 18,932 million (20.6 percent of total external debt), up 1.1 percent from end-2010.

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