Surplus of EUR 465 M in the current account in January

 Powered by Max Banner Ads 

In January 2013, the balance-of-payments current account posted a surplus of EUR 465 million as compared with a deficit of EUR 25 million in January 2012, due to services going into surplus (EUR 125 million, from a deficit of EUR 105 million), the decrease in trade balance and income deficits (by EUR 163 million and EUR 31 million respectively) and the increase in current transfers surplus by EUR 66 million, primarily on account of general government net transfers, National Bank of Romania announced in a press release yesterday. Non-residents’ direct investment in Romania totalled EUR 103 million (as compared with EUR 18 million in January 2012), of which equity stakes consolidated with the estimated net loss amounted to EUR 102 million. Medium- and long-term external debt at end-January 2013 stood at EUR 80,097 million (80.2 percent of total external debt), 1.7 percent above the level recorded at end-2012. Short-term external debt at end-January 2013 totalled EUR 19,728 million (19.8 percent of total external debt), down 3.6 percent from end-2012. Medium- and long-term external debt service ratio ran at 33.6 percent in January 2013, against 33 percent in 2012. At end-January 2013, goods and services import cover stood at 8.2 months, as compared with 7.2 months at end-2012.