UPDATE 1 - Romania's Jan-Aug C/A Gap Widens to 10.006 Bln Euro from 9.853 Bln Euro Yr-Ago - C-Bank

Romania's trade deficit for the January-August period rose by 8.1% on the year, reaching 11.714 billion euro on a FOB/FOB (free-on-board) basis, the central bank said in a statement.

The current account deficit was 65% covered by foreign direct investments (FDI), which totalled 6.502 billion euro over the same period. FDI in Romania reached 4.059 billion euro in the first eight months of 2007, covering 40% of the current account gap for the period, BNR said last year.

Details follow:

* estimated figures

** revised figures

Romania’s current account gap for last year was equivalent to 14% of the country's gross domestic product (GDP). Romania's National Prognoses Commission (CNP) has projected the 2008 current account gap at 14.9% of GDP.

($ = 0.7342 euro)