The current account balance was also positively influenced by an increase in the services surplus, which rose to 452 million euro from 34 million euro, and lower income deficit, which shrank by an annual 18%, Romania's central bank, BNR, said in a statement.
Foreign direct investments (FDI) covered 30.1% of Romania's current account deficit in the first eight months of 2012.
FDI in Romania totalled an estimated 941 million euro in January-August, up from 607 million euro a year earlier, the central bank said.
Details follow (in millions of euro):
Jan-Aug'12* | Jan-Aug'11** | |
Current account balance | -3,123 | -4,054 |
Trade | -4,825 | -4,602 |
Services | +452 | +34 |
Incomes | -1,241 | -1,515 |
Current transfers | +2,491 | +2,029 |
* estimated figures
** revised figures
($ = 0.7721 euro)