The income deficit widened to EUR1.98 billion in the first four months, from EUR1.1 billion in the same period of 2013. The trade balance posted a deficit of EUR980 million, slightly wider on the year, but the current transfers surplus rose EUR498 million to EUR1.98 billion.

Foreign direct investments increased 8.7% on the year to EUR785 million, the data showed.

Romania’s total external debt was EUR94.49 billion at the end of April, down from EUR96.06 billion in December last year. The medium and long-term debt stood at EUR76.18 billion, while the short-term debt was EUR18.3 billion.

The country’s current account deficit narrowed sharply to EUR1.5 billion in 2013, from a gap of EUR5.84 billion a year earlier, largely due to declining trade deficit.