Romania’s National Bank (BNR) announced on Thursday that the country’s current account deficit increased to €10.15bln in the first 8 months of 2021 compared to the previous year of €6.55bln, according to a press release.
Romania’s foreign direct investments increased to €4,39bln in January – August 2021 compared to the previous year with €1,48bln. The equity (including the estimated net reinvestment of earnings) and intercompany lending recorded a net value of €3.80bln and €591mln respectively.
The breakdown shows that the deficits on trade in goods and on primary income increased by €2.39bln and €587mln respectively. The surplus on secondary income and that on services decreased by €315mln and €309mln respectively.
BNR stated that in the first 8 months of 2021 the total external debt increased by €8.40bln in which:
- long-term external debt at end of August 2021 amounted to €99.05bln (73.3% of total external debt) increased by 5.9% compared to December 2020.
- short-term external debt at end of August 2021 amounted to €36.16bln (26.7% of total external debt) increased by 8.7% compared to December 2020.