Trade deficit stood at €3.923 bln, down 68.6% from the same period of last year.

Non-residents’ direct investment in Romania worth €3.154 mln have entirely covered the current account deficit. During January-August 2009, out of the total of EUR 3,154 million, intra-group loans accounted for €1,690 million (as compared with €2,992 million over January-August 2008) and equity stakes (including reinvested earnings) for €1,464 million (as compared with €3,733 million over January-August 2008).

The country’s medium- and long-term external debt increased to €60.068 bln (accounts for 78.1% of the total external debt), up 17.3% from end-2008, while short-term debt soared 24.1%from the end of last year, to €16.85 bln.