http://english.hotnews.ro/Current-account-deficit-doubles-articol_44982.htm




Current account deficit doubles


Romania's current account deficit reached 3.05 billion euros during the 
first quarter of the year, compared to 1.35 billions in Q1 2006, data 
published by the Romanian Central Bank (BNR) indicate.
The main influence on the evolution came from the imports / exports balance, 
that added up to 3.18 billion euros, 88.4% more than in Q1 2006.

Services had a positive sold of 173 million euros, although the tourism and 
the transportation businesses had 56 and, respectively, 77 million euro 
losses.
The current account deficit was covered 43% by direct foreign investments - 
a total of 1.31 billion euros, out of which two thirds were capital 
participation and reinvested profits.

The medium and long term debt at the end of March was 29.62 billion euros, 
5.6% more than in 2006.
The foreign public debt and the public guaranteed debt at the end of March 
added to 10.56 billion euros.


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