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Bucharest
March 3, 2021
BUSINESS

BNR: The current account of the payment balance – EUR 709 M deficit in Q1

The current account of the payment balance posed, for Q 1 of 2009, a deficit amounting to EUR 709 M, down by 82.1 per cent compared to Q1 2008, the National Bank of Romania (BNR) informs, cited by Mediafax. The prevailing impact on the decrease of the current account has been the represented by the reduction of the trade balance, which amounted to EUR 1.337 bln, down by 67.2 per cent as against the first three months of 2008. The current account deficit in Q 1 2009 was fully financed by direct investments of non residents in Romania (as against 42.8 per cent in Q1 2008), which amounted to EUR 1.456 bln, compared to EUR 1.691 bln in Q 1 of 2008. The medium and long term debt amounted, on March 31, 2009, to EUR 51.115 bln (71.4 per cent of the total foreign debt), by 0.6 per cent more than on December 31, 2008. The short term debt amounted, on March 31, 2009, to EUR 20.517 bln (28.6 per cent of the total foreign debt), down by 7.6 per cent as compared to December 31, 2008.

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