Romania: Higher deficit of the balance-of-payments current account for the first seven months of the year

According to Central Bank, BNR, from January to July 2017, the balance-of-payments current account posted a deficit of EUR 3,631 million, compared with EUR 2,226 million in January – July 2016.

The deficit on trade in goods widened by EUR 1,392 million, the surplus on services increased by EUR 32 million, the primary income deficit narrowed by EUR 211 million, while the surplus on secondary income contracted by EUR 256 million.

Non-residents’ direct investment in Romania totalled EUR 2,369 million (compared with EUR 2,862 million in January – July 2016), of which equity (including estimated net reinvestment of earnings) amounted to EUR 2,436 million and intercompany lending recorded a net negative value of EUR 67 million.

In January – July 2017, total external debt increased by EUR 2,055 million, of which:

Long-term external debt at end-July 2017 stood at EUR 69,512 million (73.6 percent of total external debt), up 0.8 percent from end-2016;

Short-term external debt at end-July 2017 amounted to EUR 24,920 million (26.4 percent of total external debt), up 6.5 percent against end-2016.




Source: Romanian National Bank (BNR) official statement.