





Romania's current account deficit dropped by 75.5% in the first five months of the year to 1.77 billion euro / foreign direct investments dropped by 42%
The deficit of the revenue balance registered 1.17 billion euro in the first five months of the year, marking 46.6% less than in the first five months of the previous year while the goods and services balance registered a 2.47 billion euro deficit, compared to 7.13 billion euro in the similar period, last year.
Also, foreign direct investments reached 2.47 billion euro compared to 4.26 billion euro in the previous year. The current account deficit was covered entirely by foreign direct investments. Of the total investments, 47.7% represented loans offered by foreign banks to their branches in Romania, 43.2% capital shares and 9.1% reinvested profits.