Romania’s current account deficit increased by 23.5% in the first 11 months of 2010 to 5.17 billion euro 

The current account of the balance of payments registered in the first 11 months of 2010 a deficit of 5.17 billion euro, a 23.5% increase compared to the same period in 2009, Romania’s National Central Bank data reveals. The current account deficit increase was mainly caused by the negative balance of the revenues and services.

The balance of payments includes all transactions that take place between the residents of a country and the rest o the world. Romania’s foreign debt increased by 11.6% in the first 11 months of 2010, to 90.70 billion euro.