BNR: Balance-of-payments current account deficit EUR 102 M


Non-residents’ direct investments in Romania totaled EUR 282 M, up with almost 36 pc.

The current account of the balance of payments posted a deficit of EUR 102 M in January-February 2014, from a surplus of EUR 177 M in the same period of 2103, according to a release of the National Bank of Romania (BNR).
This deficit occurred in the context of the increase of the income deficit (by EUR 195 million) and of the trade deficit (by EUR 28 million), as well as of a decrease of the current transfers surplus (by EUR 86 million).
Also, BNR data show that non-residents’ direct investments in Romania totaled 282 million euros (up 35.6 percent on a January – February 2013 basis), of which equity stakes amounted to EUR 375 million, and intra-group loans had a net negative value of EUR 93 million.
Medium- and long-term external debt on February 28, 2014 was EUR 76.555 billion (81.4 per cent of the total external debt), down 0.4 percent from December 31, 2013. Short-term external debt on February 28, 2014 amounted to EUR 17.530 billion (18.6 percent of the total external debt), down 8.5 percent from December 31, 2013.
Medium and long-term external debt service ratio ran at 38.7 percent in January-February 2014, against 41.9 percent in 2013. On February 28, 2014, goods and services import cover stood at 7.3 months, up from 7 months of imports on December 31, 2013.

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