National Bank of Romania: the balance-of-payments current account posted a deficit of EUR 4,097 million |
Autor: Bancherul.ro
2011-12-13 15:32 |
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In January-October 2011, the balance-of-payments current account posted a deficit of EUR 4,097 million, 9.5 percent lower than in the same year-ago period, due mainly to the decrease in trade deficit by 12.7 percent, said The National Bank of Romania in a press release.
Non-residents’ direct investment in Romania worth EUR 1,308 million (down 43.8 percent year on year) covered 31.9 percent of the current account deficit in January-October 2011. Out of the total figure, equity stakes consolidated with the estimated net loss amounted to EUR 905 million and intra-group loans totalled EUR 403 million.
Medium- and long-term external debt at end-October 2011 stood at EUR 74,829 million (77.2 percent of total external debt), 2.6 percent above the level recorded at end-2010.
Short-term external debt at end-October 2011 totalled EUR 22,126 million (22.8 percent of total external debt), up 13.2 percent from end-2010.
Medium- and long-term external debt service ratio3 ran at 25.7 percent in January-October 2011, against 33.4 percent in 2010. At end-October 2011, goods and services import cover4 stood at 7.5 months, as compared to 8.6 months at end-2010.
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