FDI down to EUR 354m in first two months, current account deficit up

Non-residents’ direct investment (FDI) in Romania (estimates) totalled EUR 354 million, of which equity (including estimated net reinvestment of earnings) amounted to EUR 400 million and intercompany lending recorded a net negative value of EUR 46 million, the National Bank of Romania (BNR) informs.

Long-term external debt at end-February 2016 stood at EUR 70,716 million (78.9% of total external debt), close to the level reported at end-2015.

Short-term external debt at end-February 2016 amounted to EUR 18,914 million (21.1% of total external debt), down 2.1% against end-2015.

In the period under review, total external debt declined by EUR 404 million, of which the monetary authority’s debt decreased by EUR 307 million, the non-publicly guaranteed debt by EUR 586 million, while the public debt increased by EUR 489 million.

In January – February 2016, the balance-of-payments current account posted a deficit of EUR 337 million, as compared with EUR 42 million in January – February 2015; the goods balance and primary income balance recorded higher deficits, by EUR 401 million and EUR 70 million, respectively, while the secondary income balance and services balance registered an increase of the surpluses, by EUR 173 million and EUR 3 million, respectively, BNR informs.