Non-residents’ direct investment (FDI) in Romania totalled EUR 4,081 million last year, up by 18 percent, hitting the record level of the past eight years, National Bank of Romania (BNR) reveals in a press release.
Of the total, the equity (including estimated net reinvestment of earnings) amounted to EUR 3,899 million and intercompany lending recorded a net value of EUR 182 million.
At the same time, the balance-of-payments current account posted a deficit of EUR 4,118 million, compared with EUR 1,943 million in January – December 2015; the goods balance and primary income balance recorded higher deficits, by EUR 1,505 million and EUR 1,087 million respectively, the surplus on secondary income narrowed by EUR 345 million, while that on services widened by EUR 762 million.
Long-term external debt stood at EUR 69,116 million (74.7 percent of total external debt), down 2.0 percent from the level reported at end-2015, while short-term external debt at end-December 2016 amounted to EUR 23,416 million (25.3 percent of total external debt), up 17.8 percent against end-2015.
In the period under review, total external debt increased by EUR 2,098 million, of which the public debt rose by EUR 927 million and the non-publicly guaranteed debt by EUR 1,473 million, while the monetary authority’s debt declined by EUR 302 million.
Long-term external debt service ratio ran at 25.2 percent in January-December 2016 against 38.5 percent in 2015. At end-December 2016, goods and services import cover stood at 6.4 months, flat from end-2015.
At end-December 2016, the ratio of the central bank’s foreign exchange reserves to short-term external debt by remaining maturity came in at 90.1 percent, against 97.9 percent at end-2015.