In January – April 2018, the balance-of-payments current account posted a deficit of EUR 2,053 million, compared with EUR 1,786 million in January – April 2017; the deficit on trade in goods widened by EUR 414 million, the surplus on services income narrowed by EUR 143 million, the deficit of the primary income balance contracted by EUR 354 million, and the surplus of the secondary income balance decreased by EUR 64 million, a release posted on the website of the National Bank of Romania (BNR) informs.
Non-residents’ direct investment in Romania totalled EUR 1,493 million (compared with EUR 1,198 million in January – April 2017 – up by 24.6%), of which equity (including estimated net reinvestment of earnings) amounted to EUR 1,945 million and intercompany lending recorded a negative net value of EUR 452 million.
– long-term external debt at end-April 2018 stood at EUR 67,730 million (71.2 percent of total external debt), down 1.3 percent from end-2017;
– short-term external debt at end-April 2018 amounted to EUR 27,340 million (28.8 percent of total external debt), up 10 percent against end-2017.
Long-term external debt service ratio ran at 19.9 percent in January – April 2018 against 23.9 percent in 2017. At end-April 2018, goods and services import cover stood at 5.3 months, a level similar to that of end-2017 (5.4 months).
At end-April 2018, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 82.1 percent, against 87.2 percent at end-2017.