Balance-of-paymentscurrent account deficitEUR 298 M in April,Central Bank reports.
In January – April 2014, the balance-of-payments current accountposted a deficit of EUR 298 millionas compared with EUR 241million in the same year-ago period,mainly amid the increase inincome deficit (by EUR 878 million),according to a press release.Non-residents’ direct investmentin Romania totalled EUR 785million (up 8.7 percent as comparedwith January – April2013), of which equity stakes(including reinvested earnings)amounted to EUR 705 millionand intra-group loans to EUR 80million. In April, the investmentsamounted to EUR 215, lowerthan the EUR 290 of March (thehighest level since the beginningof the year).
Over the first three months,the direct foreign investmentsamounted to EUR 570 million,30.1 percent higher on ayear-on-year basis, so that thegrowth rate over four monthswent down almost 3.5 times.Last year, the direct foreigninvestments went up by 26.8percent compared to the previousyear to EUR 2.71 billion,reaching the pinnacle of the pastfour years after the first appreciationwas reported in 2012 sincethe onset of the crisis.
EXTERNAL DEBT DOWN0.9 PC FROM END-2013
Medium- and long-term externaldebt at end-April 2014 stood atEUR 76,182 million (80.6 percentof total external debt),down 0.9 percent from end-2013. Short-term external debtat end-April 2014 totalled EUR18,313 million (19.4 percent oftotal external debt), down 4.5percent from end-2013.The debt service ratio on medium-and long-term was 30.8percent between January andApril 2014, compared to 41.9percent in 2013. The rate of coverageon April 30, 2014remained similar to that reportedon December 2013, that is,seven months of importinggoods and services.