H1 balance of payments on 285 million euros deficit (central bank)

H1 balance of payments on 285 million euros deficit (central bank)

The current account of the balance-of-payments posted a deficit of 285 million euros for the first half of 2015, down from 863 million euros in the same year-ago period, the National Bank of Romania (BNR, the central bank) announced on Thursday.

The background of this evolution included a 603 million euros advance of the secondary income surplus, a 201 million euros drop of the primary income deficit, and a 68 million euros increase of the services surplus, the BNR pointed out.

The long-term foreign debt at end-June stood at 70.59 billion euros (77.7 percent of the total foreign debt), down 6.8 percent from end-December 2014. More…