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

In January-October 2010 the balance-of-payments current account posted a deficit of EUR 4,939 million, 30.3 percent higher than in the same period of 2009, due largely to the 31.5 percent decrease year on year in current transfers balance.


Non-residents' direct investment in Romania worth EUR 2,145 million (as compared with EUR 2,907 million over January-October 2009) covered 43.4 percent of the current account deficit in the first ten months of 2010. Over January-October 2010, out of the total figure, equity stakes1 amounted to EUR 1,434 million and intra-group loans2 to EUR 711 million.

Medium- and long-term external debt at end-October 2010 stood at EUR 71,331 million (79.8 percent of total external debt), 8.4 percent above the level recorded at end-2009.

Short-term external debt at end-October 2010 totalled EUR 18,043 million (20.2 percent of total external debt), up 17.1 percent from end-2009.

External debt balance (table)

Medium- and long-term external debt service ratio3 ran at 31.5 percent in the first ten months of 2010, as compared with 33.9 percent in 2009. At end-September 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 - Structure of Loans and Deposits by County - Oct 2010.
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