Foreign debt exceeds EUR 33 bn at end-Sept

According to a report released by the National Bank of Romania (BNR), Romania's foreign debt amounted to EUR 33.85 bln., on September 30, 2007, advancing by 18.9 per cent compared to December 31, 2006.

The public debt and the public guaranteed debt posted, on September 30, an imbalance of EUR 10.24 bln., and it accounted for 30.3 per cent of the medium and long term foreign debt (compared to 37.7 per cent on December 31, 2006).

The foreign debt not publicly guaranteed amounted to EUR 20938 M, on September 30, 2007, being by 24.8 per cent higher than on December 31, 2006.

The rate of medium and long term foreign debt service was 20.5 per cent over January - September 2007, compared to 20.7 per cent in 2006. The coverage degree was 6.2 months for imports, on September 30, 2007, compared to 6.4 months of import on December 31, 2006.

Romania foreign payment balance posted a deficit of EUR 11.80 bln., on September 30, the main influence on the advance of the current account imbalance being triggered by trade deficit, which amounted to EUR 12.26 bln., up by 67 per cent compared to January - September 2006.

Reporter.gr