Romania's current account deficit surged 139 pct to EUR 172 mln in Jan-Feb; FDI down 3 pct to EUR 794 mln

Romania’s current account deficit surged 139 pct to EUR 172 mln in Jan-Feb; FDI down 3 pct to EUR 794 mln

Romania’s current account balance of payment registered a deficit of EUR 172 million in the first two months of this year, up 139 percent compared with January-February 2017, while the foreign direct investment (FDI) delined 3 percent to EUR 794 million, according to the National Bank of Romania (BNR).

„The deficit on trade in goods widened by EUR 434 million, the surplus on services and that on secondary income narrowed by EUR 6 million and EUR 2 million respectively, while the primary income balance recorded a surplus of EUR 170 million, compared with a deficit of EUR 172 million,” the central bank said on Friday, in a press release.

Last year, the current account balance of payments registered a deficit of EUR 6.46 billion, or 3.4 percent of GDP.

Non-residents’ direct investment in Romaniae totalled EUR 794 million in the first two months of 2018, compared with EUR 820 million in January – February 2017, “of which equity (including estimated net reinvestment of earnings) amounted to EUR 592 million and intercompany lending recorded a net value of EUR 202 million,” BNR indicates.