Non-residents’ direct investment (FDI) in Romania totalled EUR 2,339 million after the first seven months of the year, of which equity (including estimated net reinvestment of earnings) amounted to EUR 2,060 million and intercompany lending recorded a net value of EUR 279 million, as National Bank of Romania (BNR) informs on Tuesday in a press release.
In a year-on-year comparison, FDI grew by 18.6 percent, from EUR 1.97 million.
According to the same central bank data, in January – July 2016, the balance-of-payments current account posted a deficit of EUR 2,157 million, compared with EUR 756 million in January – July 2015; the goods balance and primary income balance recorded higher deficits, by EUR 1,226 million and EUR 211 million respectively, while the surplus on secondary income stood EUR 308 million lower and that on services balance widened by EUR 344 million.
Long-term external debt at end-July 2016 stood at EUR 69,381 million (77 percent of total external debt), down 1.9 percent from the level reported at end-2015.
Short-term external debt at end-July 2016 amounted to EUR 20,668 million (23 percent of total external debt), up 7 percent against end-2015, BNR data show.
In the period under review, total external debt increased by EUR 15 million, of which public debt and non-publicly guaranteed debt increased by EUR 183 million and EUR 154 million respectively, while the monetary authority’s debt declined by EUR 322 million.
Long-term external debt service ratio ran at 30.1 percent in January-July 2016 against 35 percent in 2015. At end-July 2016, goods and services import cover stood flat from end-2015 at 6.4 months.
At end-July 2016, the ratio of the National Bank of Romania’s foreign exchange reserves to short-term external debt by remaining maturity came in at 99.3 percent, against 99.5 percent at end-2015.