Romania's foreign debt, which includes both the state foreign loans and debts of private companies, rose by EUR 43 million in August to EUR 90.09 billion, due to higher external debt of the state, according to Romania’s National Bank (BNR).

At the end of last year, Romania’s foreign debt amounted to EUR 90.43 billion.

In May the total external debt fell to EUR 88.02 billion but has returned to growth since June.

The long-term debt amounted to EUR 70.17 billion at the end of August, down EUR 391 million compared to the end of last year. The short-term debt totaled EUR 19.92 billion, up EUR 49 million.

Of the total long-term debt, the public debt reached EUR 32.58 billion. The debt of banks and companies to foreign financiers amounted to EUR 36.35 billion at the end of August, down over EUR 1.2 billion compared to the same period last year.

At the end of May, the total external debt reached a minimum level since August 2010, when it amounted to EUR 87.8 billion. Since then, debt rose sharply until March 2013, when it recorded a historic high level of EUR 101.1 billion.

editor@romania-insider.com