Romania: Surplus in Balance of Payments

BusinessEconomy ♦ Published: March 15, 2013; 10:14 ♦ (Vindobona)

In January, the balance-of-payments current account posted a surplus of EUR 465 million Y/Y.

Romania: Surplus in Balance of Payments / Picture: © Vindobona.org

In January 2013, the balance-of-payments current account posted a surplus of EUR 465 million as compared with a deficit of EUR 25 million in January 2012, due to services going into surplus (EUR 125 million, from a deficit of EUR 105 million), the decrease in trade balance and income deficits (by EUR 163 million and EUR 31 million respectively) and the increase in current transfers…