Romanian current account deficit reaches 6.69 bln euro

The current account of Romania reported a deficit of 6.69 billion euro in the first nine months of the year, 46.6% higher than the same period last year. The National Bank-BNR blamed the situation on the increasing trade deficit on Thursday.

The trade deficit upped to 7.4 billion euro during the period, 53.4% higher than in the first nine months of 2005.

Romania’s medium and long term foreign debt also uppted 5.9% to 25.99 billion euro compared to late 2005.