The account deficit in Romania’s balance of payments closed 2014 on 696 million euros, compared with 1,168 million euros in the same year-ago period, amid the widening of the services surplus (by 1,169 million euros) and the narrowing of the primary income balance deficit (by 242 million euros), according to data released on Friday by the National Bank of Romania (BNR).
Long-term external debt at end-December 2014 stood at 76,116 million euros (80.8 percent of total external debt), down 3.5 percent from end-2013.
Short-term external debt at end-December 2014 amounted to 18,143 million euros (19.2 percent of total external debt), down 5.6 percent from end-2013.
In the period under review, the total external debt lessened by 3.8 billion euros.
‘Long-term external debt service ratio ran at 38.3 percent January through December 2014 against 42.9 percent in 2013. At end-December 2014, goods and services import cover stood at 6.9 months, as compared with 7.3 months at end-2013,’ reads the BNR release.