Foreign investments in Romania down 45 percent to EUR 465 mln on five months

Newsroom 13/07/2012 | 16:26

The foreign direct investments (FDI) in Romania decreased by 45 percent y/y to EUR 465 million in the first five months of this year, which covered 24.2 percent of the current account deficit, shows data form the National Bank of Romania (NBR).

The current account deficit narrowed by 22.2 percent y/y to EUR 1.9 billion due to surpluses in current transfers and services of EUR 192 million and EUR 161 million. In the same time, the trade deficit narrowed by EUR 165 million.

Romania’s medium- and long – term external debt amounted to EUR 77.6 million at the end of May, which is 2.7 percent higher against the end of 2011. This was 78.8 percent of the total external debt. Meanwhile, the short – term external debt stood at EUR 20.8 billion, which is an 8.8 percent decrease from the end of 2011.

The medium- and long – term external debt service ratio ran at 25 percent by May against 28.3 percent in 2011. In addition, the goods and services cover stood at 7.9 months in May compared to 7.5 months at the end of 2011.

Ovidiu Posirca