FDI up 8 pc in January


In January 2014, the balance-of-payments current account posted a surplus of EUR 388 million as compared with EUR 267 million in January 2013, due to the decrease in trade deficit (by EUR 58 million), as well as the increase in services surplus (by EUR 54 million) and current transfers surplus (by EUR 14 million), according to National Bank of Romania (BNR) provisional data, a press release informs. Non-residents’ direct investment in Romania totalled EUR 244 million (up 8 percent as compared with January 2013), of which equity stakes consolidated with the estimated net loss amounted to EUR 119 million and intra-group loans to EUR 125 million. Medium- and long-term external debt at end-January 2014 stood at EUR 78,354 million (81.1 percent of total external debt), up 1.8 percent from end-2013. Short-term external debt at end-January 2014 totalled EUR 18,291 million (18.9 percent of total external debt), down 6.2 percent from end-2013. Medium- and long-term external debt service ratio ran at 27.9 percent in January 2014 against 41.4 percent in 2013. At end-January 2014, goods and services import cover stood at 7.9 months as compared with 7 months at end-2013. The balance of external debt is cash-based (excluding unmatured accrued interest) and the IMF’s SDR allocations are not included.

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