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Romania
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Romania's Jan-Oct C/A Gap Widens to 14.437 Bln Euro from 13.013 Bln Euro Yr-Ago - C-Bank

Dec 12, 2008, 12:53:37 PMArticle by Sabina Kotova
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December 12 (SeeNews) - Romania's current account deficit increased by 10.9% on the year to an estimated 14.437 billion euro ($19.3 billion) in the first 10 months of 2008 due to a widening trade gap, the country's central bank said on Friday.

Romania's Jan-Oct C/A Gap Widens to 14.437 Bln Euro from 13.013 Bln Euro Yr-Ago - C-Bank

Romania's trade deficit for the January-October period rose by 10.2% on the year, reaching 15.485 billion euro on a FOB/FOB (free-on-board) basis, the central bank said in a statement.

Details follow:

Jan-Oct'08* Jan-Oct'07**
Current account balance -14,437 -13,013
- Trade -15,485 -14,046
-- Exports (FOB) 29,020 24,472
-- Imports (FOB) 44,505 38,518
- Services +443 +605
- Income -4,551 -3,625
- Current transfers +5,156 +4,053

* estimated figures

** revised figures

($ = 0.7484 uro)

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