Loading ...Current account of balance of payments of Romania recorded a deficit worth 10.006 billion euros January through August this year, that is a growth by 1.6% on the same interval in 2007, the Romanian National Bank (BNR) announced on October 13.
The decisive influence of the current account balance was given by the deficit in the trade balance, which stood at 11.714 billion euros, that is an increase by 8.1% as against the January-August interval in 2007. The dynamics of exports outrun by 3.7% the dynamics of exports in the first eight months of the year.
The current account deficit in the January-August interval was covered 65% with direct foreign investments, which registered 6.50 billion euros, out of which participations to the capital and reinvested profit represented 53.3%, with the intra-group credits standing at 46.7%.
The foreign debt on a medium and long term recorded on August 31, 2008, the level of 47.461 billion euros, that is a growth by 23.3% as against the level on December 31, 2007.
The foreign debt on a medium and long term recorded on August 31, 2008, the level of 47.461 billion euros, that is a growth by 23.3% as against the level on December 31, 2007.
The foreign public debt and publicly guaranteed hit a balance standing at 10.635 billion euros on August 31, 2008 and represented 22.4% of the foreign debt ion a medium and long term (as against 26.5% on December 31, 2007). The publicly non-guaranteed foreign debt stood at 30.646 billion euros on August 31, 2008, that is an increase by 22.3% against that on December 31, 2007.
The foreign debt service rate on a medium and long term stood at 24.3% over January- August, compared with 21.8% in 2007. The coverage rate stood at 5.6 months of imports of goods and services on August 31, 2008, as against 6 months on December 31, 2007.
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