In the first quarter 2009, the current account deficit stood at €910 million.

“The current account deficit was 50.1% covered from non-residents’ direct investment in Romania worth €754 million (compared with €1 475 million in the year-ago period), of which equity stakes (including reinvested earnings) amounted to €650 million (compared to €993 million a year earlier), and intra-group loans to €104 million (compared to €482 million a year earlier)”, NBR said.

The country’s medium- and long-term external debt at end-March stood at €70,157 million (81.5% of total external debt), 6.9% above year-ago level.

Short-term external debt in the first quarter totaled €15,877 million (18.5% of total external debt), up 8.8% from end-2009.