The National Bank of Romania published provisional balance of payments and external debt data for January to June 2025, showing the current account deficit widening to EUR 13,897 million from EUR 11,682 million in January to June 2024. The release also reports higher non-resident direct investment inflows and an increase in total external debt. Within the current account, the goods deficit widened by EUR 1,918 million, while the services surplus increased by EUR 480 million; the primary income deficit narrowed by EUR 111 million and the secondary income surplus fell by EUR 888 million. Non-resident direct investment in Romania totalled EUR 2,779 million, comprising net equity participation of EUR 1,776 million (including estimated reinvested earnings) and net intra-group lending of EUR 1,003 million. Total external debt rose by EUR 7,480 million to EUR 212,373 million, with long-term debt at EUR 162,089 million (76.3 per cent of the total, up 4.6 per cent versus 31 December 2024) and short-term debt at EUR 50,284 million (23.7 per cent, up 0.8 per cent); the long-term external debt service ratio was 15.5 per cent for January to June 2025, compared with 19.6 per cent in 2024. The National Bank of Romania indicated that the next monthly “Balance of payments and external debt” press release will be published on 12 September 2025.
National Bank of Romania 2025-08-13
National Bank of Romania reports a current account deficit of EUR 13.897bn and external debt of EUR 212.373bn in the first half of 2025
The National Bank of Romania released provisional data for January to June 2025, showing a current account deficit increase to EUR 13,897 million from EUR 11,682 million in the same period in 2024. Non-resident direct investment rose to EUR 2,779 million, while total external debt increased by EUR 7,480 million to EUR 212,373 million. The goods deficit widened, the services surplus grew, and the primary income deficit narrowed.