Current account deficit decreases by 6.6 percent
Non-residents’ direct investment in Romania stood at EUR 1.63 billion in the first 11 months of last year, down 36 percent y-o-y, the National Bank of Romania (NBR) announced today.
In January-November 2011, the balance-of-payments current account posted a deficit of EUR 4.23 billion, going down by 6.6 percent y-o-y, due mainly to a 11.7 percent decrease in trade deficit said NBR.
Foreign direct investment (FDI) inflows covered a mere 38.7 percent of the current account deficit for the same period, according to NBR. Out of the total figure, equity stakes consolidated with the estimated net loss amounted to EUR 1.19 billion and intra-group loans totalled EUR 440 million.