The trade deficit narrowed 24% on the year in January to May, while the current transfer surplus increased by 85.8% to EUR1.48 billion.
Foreign direct investments, which are estimated at EUR799 million, covered 43.9% of the country’s current account deficit in the first five months, the data showed.
Romania’s total external debt reached EUR94.72 billion at the end of May, up from EUR90.9 billion in December 2010.
The medium and long-term debt stood at EUR74.5 billion, from EUR72.5 billion at the end of 2010. The short-term debt was at EUR20.1 billion, up from EUR18.4 billion in December last year.
Romania’s current account deficit widened 5% to EUR5.16 billion in 2010, from a gap of EUR4.91 billion in the previous year, due to the lower current transfers surplus and an increasing deficit of the income balance.