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

In January-September 2010 the balance-of-payments current account posted a deficit of EUR 4,233 million, 32.6 percent higher than in the same period of 2009, due largely to the 30.1 percent decrease year on year in current transfers balance.

CURRENT ACCOUNT (table)

Non-residentsCO direct investment in Romania worth EUR 2,070 million (as compared with EUR 3,426 million over January-September 2009) covered 48.9 percent of the current account deficit in the first nine months of 2010. Over January-September 2010, out of the total figure, equity stakes1 amounted to EUR 1,338 million and intra-group loans2 to EUR 732 million.

Medium- and long-term external debt at end-September 2010 stood at EUR 71,673 million (80.2 percent of total external debt), 8.9 percent above the level recorded at end-2009.

Short-term external debt at end-September 2010 totalled EUR 17,645 million (19.8 percent of total external debt), up 14.6 percent from end-2009.

External debt balance (table)

Medium- and long-term external debt service ratio3 ran at 32.7 percent in the first nine months of 2010, as compared with 33.9 percent in 2009. At end-September 2010, goods and services import cover4 stood at 8.9 months, as compared with 8.5 months at year-end 2009.

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Publication:Romanian Central Bank News
Date:Feb 22, 2011
Words:291
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