Current account deficit of balance of payments drops 9.5 percent in first 10 months to 4.097 billion euros

The current account of the balance of payments saw a deficit amounting to 4.097 billion euros over January-October 2011, down by 9.5 percent from the same time span of the previous year, mainly due to the cut in the trade balance deficit by 12.7 percent, according to a release issued by the National Bank of Romania (BNR). 31.9 percent of the current account deficit over January-October 2011 was financed by means of direct investments made by nonresidents in Romania that registered ...

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