Romania's Jan-Oct C/A Gap Narrows 72.2% to 3.954 Bln Euro

Romania's trade deficit for the January-October period narrowed by 66.9% on the year to 5.414 billion euro on a FOB/FOB (free-on-board) basis, the central bank said in a statement.

The current account deficit was 94.1% covered by foreign direct investments (FDI), which totalled 3.72 billion euro over the review period. FDI in Romania reached 7.667 billion euro in the first 10 months of 2008, BNR said.

Details follow (in billions of euro):

* estimated figures
** revised figures

In August the International Monetary Fund revised its projection for Romania's 2009 current account deficit to 5.5% of gross domestic product (GDP) from 7.5% projected earlier. Romania's current account gap was equivalent to some 12.6% of GDP last year.

($ = 0.6778 euro)