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UPDATE 1 - Moldova H1 c/a deficit narrows to 10.7%/GDP - table

Oct 1, 2012, 1:15:04 PMArticle by Alexander Oleinic
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October 1 (SeeNews) - Moldova's current account deficit was equivalent to 10.7% of the country's gross domestic product (GDP) in the first six months of 2012, compared to 12.3% a year earlier, the country's central bank, BNM, said on Monday.

UPDATE 1 - Moldova H1 c/a deficit narrows to 10.7%/GDP - table

The country's current account deficit narrowed by an annual 7.3% to $352.17 million (272.9 million euro) in the first half of 2012, BNM said in a statement.

The net inflow of foreign direct investments to Moldova totalled $79.08 million in January-June, down from $128.99 million a year earlier, it added.

Moldova's trade deficit totalled $1.344 billion in the first quarter of the year, up from $1.301 billion a year earlier, BNM also said.

Details follow (in millions of U.S. dollars):

Balance of payments H1'12 H1'11
Current account -352.17 -379.73
-trade -1,344.96 1,301.16
-services -34.27 1.91
-income 329.75 250.70
-current transfers 697.31 668.82
Financial account 195.81 283.22
-direct investments 79.08 128.99
-portfolio investments 4.26 2.32
-other investments 245.45 270.43
-reserve assets -114.21 -111.17
Net errors and omissions 156.36 96.51

($ = 0.775 euro)

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