BNR: Long-term external debt at end-May stood at EUR 69.4bn

0 181

In January – May 2019, the balance-of-payments current account posted a deficit of EUR 3,401 million, compared with EUR 2,564 million in January – May 2018. The deficit on trade in goods widened by EUR 1,476 million, the surplus on services income increased by EUR 116 million, the deficit of the primary income balance narrowed by EUR 778 million, and the surplus of the secondary income balance decreased by EUR 255 million, the National Bank of Romania (BNR) informs in a release posted on its website.

Non-residents’ direct investment in Romania totalled EUR 1,491 million (compared with EUR 1,660 million in January – May 2018), of which equity (including estimated net reinvestment of earnings) amounted to EUR 1,476 million and intercompany lending recorded a net value of EUR 15 million.

In January – May 2019, total external debt increased by EUR 4 109 million, of which:

  • long-term external debt at end-May 2019 stood at EUR 69,455 million (67.1 percent of total external debt), up 2.2 percent against end-2018;
  • short-term external debt at end-May 2019 amounted to EUR 34,071 million (32.9 percent of total external debt), up 8.3 percent from end-2018.

Long-term external debt service ratio ran at 19.5 percent in January – May 2019 against 21.2 percent in 2018. At end-May 2019, goods and services import cover stood at 4.6 months, as compared to 4.9 months at end-2018.

At end-May 2019, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 72.6 percent, against 74.3 percent at end-2018.

- Advertisement -

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More