Romania's current account deficit widens to almost EUR 5 bln in 11 months
Romania's current account deficit widens to almost EUR 5 bln in 11 months
The current transfers balance posted a surplus of EUR 2.45 billion in January to October, down 31.5 percent from EUR3.57 billion in the year-earlier period. Foreign direct investments, which stood at EUR 2.15 billion, covered about 43 percent of Romania's current account deficit in the first ten months of 2010. In the year-earlier period, Romanian FDI was EUR 2.91 billion.
Romania's total external debt reached EUR 89.4 billion at the end of October, up from EUR 81.2 billion in December 2009, according to central bank data. In 2009, Romania's current account deficit narrowed 68.7 percent on the year to EUR5.05 billion.
Mediafax
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