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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.

CURRENT ACCOUNT (table)

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
Words:291
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