Romania recorded a current account deficit of EUR 1.84 billion in the first four months of this year, up by EUR 371 million compared to the first three months.

In the first four months of 2015, Romania had a current account surplus of EUR 282 million, according to Romania’s National Bank (BNR).

The country’s higher imports, due to increased domestic consumption, and the higher profit repatriation by multinationals have unbalanced the current account balance of payments.

The deficit on the international trade segment was EUR 2.53 billion, up by EUR 742 million compared to the first four months of 2015, while the minus on the primary revenues segment was over EUR 2.5 billion, up by EUR 1.72 billion year-on-year. This shows that multinational companies have repatriated larger amounts of money and brought less money for new investments.

Romania’s surplus on the service side went up by some EUR 242 million, to EUR 2.29 billion, and the secondary revenues segment, which reflects other kinds of transfers, increased its surplus by EUR 100 million to EUR 901 million.

editor@romania-insider.com