Romania’s current account balance of payment registered a deficit of EUR 5.83 billion in the first eight months of this year, up 38 percent compared with January-August 2017, while the foreign direct investment (FDI) declined by 3.1 percent to EUR 2.86 billion, according to the National Bank of Romania (BNR).

„The deficit on trade in goods widened by EUR 1,472 million, the surplus on services income narrowed by EUR 123 million, the deficit of the primary income balance contracted by EUR 304 million, and the surplus of the secondary income balance decreased by EUR 308 million,” the central bank said on Monday, in a press release.

Last year, the current account balance of payments registered a deficit of EUR 6.46 billion, or 3.4 percent of GDP.

On the other hand, non-residents’ direct investment in Romania totalled EUR 2.86 billion in the first eight months of 2018, compared with EUR 2.96 billion in January – August 2017, “of which equity (including estimated net reinvestment of earnings) amounted to EUR 2,517 million and intercompany lending recorded a net value of EUR 346 million,” BNR indicates.

Foreign direct investment in Romania rose by 4.6 percent last year, to EUR 4.8 billion.

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