Foreign investments finance only a third of current account deficit for Romania
Romania's current account deficit was up 64 percent year-on-year in the first two months of the year, to EUR 663 million, as the deficit of the trade balance doubled, while the excess of current transferred was down by a third, according…
Romania Insider · Journalist
· Updated · 1 min read
Romania's current account deficit was up 64 percent year-on-year in the first two months of the year, to EUR 663 million, as the deficit of the trade balance doubled, while the excess of current transferred was down by a third, according to Romania's Central Bank (BNR).
Foreign direct investments financed only 38 percent of the current account deficit in the first two months of the year. The FDI was of EUR 235 million during this period, compared to EUR 325 million in the first two months of 2011. The country's medium and long – term debt was of EUR 75.4 billion at the end of February this year and made the bulk of the country's external debt, staying almost flat compared to the end of 2011. The short-term debt was of EUR 22.4 billion, a drop of 1.5 percent on end-2011. editor@romania-insider.com (photo source: Sxc.hu)
