In January-February last year, the country ran a current account surplus of EUR177 million.

The income deficit widened EUR195 million to EUR783 million in the first two months of 2014, while the trade deficit reached EUR201 million, from EUR173 million in the corresponding months of last year.

The current transfers surplus shrunk to EUR507 million from EUR593 million.

Foreign direct investments rose 35.6% on the year to EUR282 million.

Romania’s total external debt was EUR94.08 billion at the end of February, down from EUR96.06 billion in December last year. The medium and long-term debt stood at EUR76.55 billion, while the short-term debt was EUR17.53 billion.

Romania’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 a decline in the trade deficit.