Foreign investments stood at EUR 425 million in the first quarter of the year in Romania, covering 78.1 percent of the current account deficit. Investments were down EUR 19 million on the first quarter of 2011, which saw an external investment of EUR 444 million.

Romania’s current account deficit from January to March this year was of EUR 544 million, which was down 43.7 percent on the same period last year.

The short term external debt of the country at the end of March was down 2.4 percent on the end of 2011, standing at EUR 22.2 billion, which accounts for 22.6 percent of the total external debt.

Romania’s medium and long-term external debt recorded at the end of March 2012 stood at EUR 76.4 billion, which is 77.4 percent of total external debt. This is 1.1 percent above the level recorded at the end of 2011.

Nicola Peyton, nicola@romania-insider.com