Romania Jan-Nov Current Account Deficit Narrows To EUR4.2B
Romania's current account deficit narrowed 6.6% to EUR4.23 billion in the first eleven months of 2011, from a gap of EUR4.53 billion in the year-earlier period, due mainly to shrinking trade deficit, central bank data showed Friday.
The trade deficit narrowed 11.7% on the year to EUR5.4 billion in January to November.
Foreign direct investments, which stood at EUR1.6 billion, covered 38.7% of the country’s current account deficit in the analyzed period.
Romania’s total external debt reached EUR96.9 billion at the end of November, up from EUR92.4 billion in December 2010, the data showed.
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Ștefan Stan