1.7 C
March 29, 2023

Foreign debt drops by EUR 3.71 bln

Country’s indebtedness level remains below 40 pc but is higher year-on-year

In the first seven months of the year the current account of the balance of payments registered a deficit of EUR 347 M, compared to a deficit of EUR 997 M in the same period last year, the National Bank of Romania informs. The primary income deficit dropped by EUR 595 M, and the services surplus grew by EUR 310 M.
Non-residents’ capital inflows covered the deficit, direct investments totalling EUR 2.08 bln, of which equity investments (including estimated net reinvested profit) stood at EUR 1.22 bln and net inter-company loans at EUR 856 M.
The long-term external debt stood at EUR 70.49 bln on July 31 (77.8 per cent of total external debt), down by 6.9 per cent compared to 31 December 2014. The short-term external debt stood at EUR 20.09 bln on July 31 (22.2 per cent of total external debt), up by 8.2 per cent compared to 31 December 2014. During the period analyzed the total external debt dropped by EUR 3.71 bln.
The long-term external debt’s service ratio stood at 39 per cent in January-July 2015, compared to 37.3 per cent in 2014. The goods and services import cover stood at 6 months on July 31, down from 6.9 months on 31 December 2014.

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