In the first quarter of 2014, the current account balance had a deficit of EUR268 million.
The goods and services balance posted a surplus of EUR332 million in January-March, slightly down from EUR353 million in the year-ago period. The primary income deficit narrowed to EUR550 million versus EUR897 million in January-March 2014, while the secondary income balance posted surplus of EUR624 million, more than double compared with EUR276 million in the first three months of last year.
Foreign direct investments were at EUR885 million in the January-March period, up from EUR570 million in the same interval of 2014.
Romania’s total external debt was EUR92.9 billion at the end of March, down from EUR94.3 billion in December 2014. The medium and long-term debt stood at EUR73.7 billion, while the short-term debt was EUR19.2 billion.
Last year, the country’s current account deficit narrowed to EUR696 million, from EUR1.17 billion in 2013.