Romania’s current account deficit rose 26 pct to EUR 967 mln in Q1; FDI up 21 pct to EUR 1.38 bln

Sorin Melenciuc | 14/05/2018 | 13:26

Romania’s current account balance of payment registered a deficit of EUR 967 million in the first three months of this year, up 26 percent compared with January-March 2017, while the foreign direct investment (FDI) increased by 21 percent to EUR 1.378 billion, according to the National Bank of Romania (BNR).

„The deficit on trade in goods widened by EUR 460 million, the surplus on services income narrowed by EUR 94 million, the deficit of the primary income balance contracted by EUR 328 million, and the surplus of the secondary income balance increased by EUR 29 million,” the central bank said on Monday, in a press release.

Last year, the current account balance of payments registered a deficit of EUR 6.46 billion, or 3.4 percent of GDP.

On the other hand, non-residents’ direct investment in Romaniae totalled EUR 1.378 billion in the first quarter of 2018, compared with EUR 1.137 million in January – March 2017, “of which equity (including estimated net reinvestment of earnings) amounted to EUR 1,606 million and intercompany lending recorded a negative net value of EUR 228 million,” BNR indicates.

Foreign direct investment in Romania rose by 1.5 percent last year, to EUR 4.586 billion.

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