In the first half 2008, the current account deficit amounted to 8.884 billion euros.
The country’s trade deficit – the primary source that fuels the country’s external gap – narrowed 67.18% in the period under review, down to 2.962 billion euros, from 9.026 bn euros year-ago half.
The goods and service balance slid on deficit in first half this year, reaching 29 million euros versus 377-million euro surplus in prior-year period, National Bank of Romania.
The service balance was primarily weighed down by “other services” category, that fell into a deficit of 67 million euros from the 433-mn euro surplus in first half 2008.
“Travel – tourism” category fell on deficit as well, of 56 million euros, from the 50-mn euro surplus a year earlier.
However, the external balance of transport services recorded a surplus, of 94 million euros in the six months to June , versus 115 mn euros a year earlier.
The balance of income gap narrowed 46.45% from 2.814 bn euros in H1 2008 to 1.507 bn euros in H1 2009.
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