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

In January-November 2010 the balance-of-payments current account posted a deficit of EUR 5,173 million, 23.5 percent higher than in the same period of 2009, due to the increase year on year in services and income negative balances and the drop in current transfers surplus.


Non-residents' direct investment in Romania worth EUR 2,269 million (as compared with EUR 3,049 million over January-November 2009) covered 43.9 percent of the current account deficit in the first eleven months of 2010. Over January-November 2010, out of the total figure, equity stakes1 amounted to EUR 1,419 million and intra-group loans2 to EUR 850 million.

Medium- and long-term external debt at end-November 2010 stood at EUR 72,391 million (79.8 percent of total external debt), 10.0 percent above the level recorded at end-2009.

Short-term external debt at end-November 2010 totalled EUR 18,316 million (20.2 percent of total external debt), up 18.9 percent from end-2009.

External debt balance (table)

Medium- and long-term external debt service ratio3 ran at 30.8 percent in the first eleven months of 2010, as compared with 33.9 percent in 2009. At end-November 2010, goods and services import cover4 stood at 8.7 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 - Nov 2010.
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