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Bucharest
August 3, 2021
BUSINESS

Foreign investments dropped in Q1

The balance-of-payments current account posted a deficit of EUR 544 million, 43.7 per cent lower from the same year-ago period, due mainly to the 52.2 per cent increase in the current transfers surplus supported by almost one fourth increase in the income balance deficit, Romania’s National Bank (NBR) shows.Non-residents’ direct investment in Romania worth EUR 425 million (as compared with EUR 444 million in the first quarter of 2011) covered 78.1 per cent of the current account deficit in January – March 2012. Out of the total figure, equity stakes consolidated with the estimated net loss amounted to EUR 396 million and intra-group loans posted EUR 29 million.Medium- and long-term external debt at end-March 2012 stood at EUR 76,443 million (77.4 per cent of total external debt), 1.1 per cent above the level recorded at end-2011.Short-term external debt at end-March 2012 reached EUR 22,269 million (22.6 per cent of total external debt), down 2.4 per cent from end-2011.Medium and long term external debt service ratio ran at 22.3 per cent in January – March 2012, against 28.3 percent in 2011. At end of March 2012, goods and services import cover stood at 8.4 months, as compared to 7.5 months at end of 2011.

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