Foreign direct investments decreased year on year from EUR 2.28 billion in the first half of 2009 to EUR 1.83 billion in the first semester of 2010. This year, official data from the central bank show a further drop in FDI to EUR 1.01 billion.
The current account deficit reached EUR 2.6 billion, which is 28.6 percent lower than in the same period of 2010, due to a decrease in the trade deficit of 21.6 percent and the increase in current transfer’s surplus by 62.2 percent.
The medium and long term external debt increased by 4 percent to EUR 76.6 billion, at the end of June 2011. Meanwhile, the short term external debt increased by 18.4 percent to EUR 21.4 billion at the end of June 2011.