At the beginning of 2018, the balance-of-payments current account posted a surplus of EUR 216 million, compared with EUR 258 million in January 2017, according to National Bank of Romania (BNR) data, a press release informs.
The deficit on trade in goods widened by EUR 169 million, while the surplus on secondary income, that on primary income and that on services expanded by EUR 69 million, EUR 55 million and EUR 3 million respectively.
The same central bank data show that non-residents’ direct investment (FDI) in Romania totalled EUR 310 million (compared with EUR 387 million in January 2017), of which equity (including estimated net reinvestment of earnings) amounted to EUR 186 million and intercompany lending recorded a net value of EUR 124 million.
In January 2018, total external debt decreased by EUR 651 million, of which: long-term external debt at end-January 2018 stood at EUR 67,687 million (72.5 percent of total external debt), down 1.6 percent from end-2017; short-term external debt at end-January 2018 amounted to EUR 25,616 million (27.5 percent of total external debt), up 1.7 percent against end-2017.
Long-term external debt service ratio ran at 13.8 percent in January 2018 against 20.4 percent in 2017. At end-January 2018, goods and services import cover stood at 5.5 months, as compared to 5.4 months at end-2017.
At end- January 2018, the ratio of BNR’s foreign exchange reserves to short-term external debt by remaining maturity came in at 83.5 percent, against 86.4 percent at end-2017.