The current account of payments balance reached an excess of EUR 416 million in January, an increase compared with the similar period of 2016, when it was EUR 211 million, according to the National Bank of Romania (BNR).

In January 2017 the goods balance had a higher deficit by EUR 226 million, the secondary revenues balance recording a lower excess of EUR 100 million. The services balance has a higher excess of EUR 17 million, while the primary revenues balance had an excess.

The long term external debt dropped by EUR 68.477 billion on January 31 (74.3 percent of the overall external debt), a 0.9 percent decline compared to 31 December 2016.

The short term external debt recorded EUR 23.691 billion (25.7 percent of the total external debt), a 1.2 percent growth compared with 31 December 2016.

In January 2017 the total external debt dropped by EUR 369 million.

The public debt decreased by EUR 416 million and the BNR debt dropped by EUR 8 million, while the public debt non-guaranteed went up by EUR 55 million.

The external debt services rate on the long term was 20.4 percent in January 2017 compared with 25.2 percent in 2016.