Romania Jan-Oct Current Account Deficit Narrows To EUR4.1B
Romania's current account deficit narrowed 9.5% to EUR4.097 billion in January to October, from a gap of EUR4.53 billion in the year-earlier period, due mainly to shrinking trade deficit, central bank data showed Tuesday.
The trade deficit narrowed 12.7% on the year in the first ten months to EUR4.2 billion.
Foreign direct investments, which stood at EUR1.3 billion, covered 31.9% of the country’s current account deficit in the analyzed period.
Romania’s total external debt reached EUR96.9 billion at the end of September, up from EUR92.4 billion in December 2010, the data showed.
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