Non-residents’ direct investment in Romania worth EUR 1,440 million (as compared with EUR 1,388 million in January – November 2011, a 3.8 per cent increase) covered 33.9 per cent of the curent account deficit in the first eleven months of 2012, according to National Bank of Romania (BNR) estimates, a press release informs. Out of the total figure, equity stakes consolidated with the estimated net loss amounted to EUR 473 million and intra-group loans (between parent company and its resident branch) to EUR 967 million. Medium- and long-term external debt at end-November 2012 stood at EUR 78,170 million (78.4 percent of total external debt), 3.0 percent above the level recorded at end-2011. Short-term external debt at end-November 2012 totaled EUR 21,506 million (21.6 per cent of total external debt), down 5.7 per cent from end-2011. Medium- and long-term external debt service ratio ran at 31.9 per cent in January – November 2012, against 28.8 percent in 2011. At end-November 2012, goods and services import cover stood at 7.2 months, as compared with 7.5 months at end-2011. In January – November 2012, the balance-of-payments current account posted a deficit of EUR 4,245 million, 18.9 per cent lower from the same year-ago period, due to the decrease in the income deficit (by EUR 707 million) as well as to the increase in the services surplus (EUR 263 million) and the current transfers surplus (EUR 86 million).