National Bank of Romania (BNR) announced that in January 2015, the balance-of-payments current account posted a surplus of EUR 554 million, compared with EUR 252 million in the same year-ago period, amid the widening of the primary income and services surpluses (by EUR 132 million and EUR 83 million respectively), the narrowing of the goods balance deficit (by EUR 55 million) and the secondary income balance going into surplus (EUR 32 million).
According to the same central bank estimates, non-residents’ direct investment (FDI) in Romania totalled EUR 299 million, up 23 percent compared to the same period of the previous year, of which equity (including estimated net profit) amounted to EUR 178 million and intercompany lending to EUR 121 million.
Long-term external debt at end-January 2015 stood at EUR 75,722 million (80.9 percent of total external debt), down 0.5 percent from end-2014, while the short-term external debt in the same period amounted to EUR 17,902 million (19.1 percent of total external debt), down 1.3 percent from end-2014.
In the period under review, the total external debt declined by EUR 635 million.
Long-term external debt service ratio ran at 72.9 percent in January 2015 against 38.3 percent in 2014. At end-January 2015, goods and services import cover stood at 7.4 months, as compared with 6.9 months at end-2014.