Romania end-Feb external debt up by 10.3% y/y.

By bne IntelliNews April 14, 2011
Romanias external debt increased by 10.3% y/y to EUR 91.8bn at the end of February, according to central bank data. The private sectors external debt amounted to EUR 64.6bn and its share decreased to 70% of the total from 74% one year earlier after a 6% y/y expansion. The medium and long-term external private debt shrank by 3.2% y/y to EUR 37.25bn at the end of February; while the short-term debt and the non-residents deposits increased. The public sector external debt on the opposite soared by 24% y/y to EUR 27.2bn and its share increased to 30% of the total from 26% one year earlier. The replacement of the private sector external debt with public external debt, visible over the past couple of years, occurred amid the external financing extended by IMF and EC to the central bank and government.
External debt (EUR mn)
Feb-10 Feb-11 Feb-11
EUR mn EUR mn %, y/y
Medium and long-term 67,737 72,862 7.6%
Public 13,334 15,702 17.8%
Publicly-guaranteed 1,527 1,664 9.0%
Private 38,481 37,253 -3.2%
Non-residents deposits 7,234 8,409 16.2%
Loans from IMF 7,162 9,834 37.3%
Short-term 15,511 18,932 22.1%
Total 83,248 91,794 10.3%
Private sector* 61,226 64,594 5.5%
Public sector* 22,022 27,200 23.5%
Source: BNR, calculations (*)

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss