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Romania's Foreign Debt Rises to 77.9 Bln Euro at End-Oct – Table

Dec 11, 2009, 12:08:56 PMArticle by Kristina Belkina
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December 11 (SeeNews) - Romania's foreign debt totalled 77.9 billion euro ($115 billion) at the end of October, up 8.15% from the end of 2008, the central bank said on Friday.

Romania's Foreign Debt Rises to 77.9 Bln Euro at End-Oct – Table

The end-October figure includes 62.904 billion euro in long-term and medium-term foreign debt, which was 22.3% higher compared to end-2008, the central bank said in a statement.

The figure for the long-term and medium-term foreign debt includes government debt and privately-held debt.

Details of Romania's foreign debt follow (in billions of euro):

end-Oct'09 end-2008
Total foreign debt 77.900 72.032
Short-term foreign debt 14.996 20.592
Long/medium term foreign debt 62.904 51.440
- Public debt 11.439 9.010
- State-guaranteed debt 1.540 1.720
- Non-guaranteed debt 37.162 35.243
- Foreign resident deposits 7.151 5.467
- debt to IMF* 5.612 0.0

*Loans under Romania's stand-by agreement with the International Monetary Fund (IMF) signed on May 4.

NOTES: Romania paid 8.242 billion euro on its long-term and medium-term foreign debt in the first ten months of the year. The long-term and medium-term foreign debt servicing rate, calculated as the ratio of debt payments to total exports, was 27.9% in the same period, compared to 31.5% at the end of 2008.

($=0.6778 euro)

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