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Romanian National Bank - Balance of Payments, External Debt - 2010.

In 2010 the balance-of-payments current account posted a deficit of EUR 5,158 million, 5.0 percent higher than in 2009, due to the increase year on year in income and services negative balances and the drop in current transfers surplus.


Non-residents' direct investment in Romania worth EUR 2,596 million1 (as compared with EUR 3,488 million in 2009) covered 50.3 percent of the current account deficit in 2010. In 2010, out of the total figure, equity stakes2 amounted to EUR 2,040 million and intra-group loans3 to EUR 556 million.

Medium- and long-term external debt at end-2010 stood at EUR 72,019 million (79.3 percent of total external debt), 9.5 percent above the level recorded at end-2009.

Short-term external debt at end-2010 totalled EUR 18,746 million (20.7 percent of total external debt), up 21.6 percent from end-2009.

External debt balance (table)

Medium- and long-term external debt service ratio4 ran at 32.1 percent in 2010, as compared with 33.9 percent in 2009. At end 2010, goods and services import cover5 stood at 8.6 months, as compared with 8.5 months at end-2009.


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Publication:Romanian Central Bank News
Date:Feb 22, 2011
Previous Article:Romanian National Bank - International Reserves of the National Bank of Romania - Jan 2011.
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