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15. 06. 12. - 14:00

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15. 06. 12. - 14:00

Current account deficit drops 23.7 percent

Michael Leidig

Between January - April 2012 the balance-of-payments current account posted a deficit of EUR 1,230 million, 23.7 percent lower from the same interval in 2011, the central bank informs today (Fri). The drop was due to the 24.1 percent increase in the current transfers surplus supported by the services deficit turning into surplus and the 4.6 percent decrease in the income balance deficit. Non-residents’ direct investment in Romania worth EUR 446 million (as compared with 490 million Euros in the January - April 2011) covered 36.3 percent of the current account deficit. Equity stakes consolidated with the estimated net loss stood at 413 million Euros and loans between parent companies and resident branches, posted 33 million Euros. Medium-and long-term external debt at end-April 2012 stood at 77,349 million Euros (78.1 percent of total external debt), 2.3 percent above the level recorded at end-2011. Short-term external debt at end-April 2012 totalled 21,638 million Euros (21.9 percent of total external debt), down 5.2 percent from end-2011.

Tragic Ski Girl Dies
A 10-year-old British schoolgirl has died after skiing into a tree at high speed during a family holiday tragedy in the Austrian Alps.

Peak Performance
Police chiefs in Hamburg, Germany, are celebrating after new crime figures showed there wasn't a single bank robbery in the city last year.

Chinese Fakeaway
Chinese property developers who've been thwarted in a bid to buy up an entire Austrian village have settled on the next best thing - an entire life-sized replica.

Austrian children help Romanian kids
A charity project run by the middle school in Hippach has been recognised with an award for its social work by officials in Tyrol.

Mother kills disabled daughter because she couldnt take care of her any longer
A Romanian woman killed her 8 year-old disabled daughter on Wednesday (yesterday)because she couldn't pay for her care, Libertatea newspaper reports.

Policeman accused of sex with the son of his girlfriend
A Policeman from Vulcan, Western Romania is currently being investigated for having sex with a minor, the son of his girlfriend, Cancan newspaper informs today (Thurs).

Serial killer survivor walks away alive after fall
An 85 year-old woman who survived the most cruel and notorious serial killer in Romania some 40 years ago, recently fell from the first floor of her apartment building and she walked away safe and sound, Cancan newspaper reports today (Thurs).

The son of Qatar Airlines BA beaten up in Romania
The son of the Board of Administration of Qatar Airlines Akbar Al Baker, was beaten up over the weekend at the launching party of a posh club in Mamaia, at the Romanian Black Sea shore, Cancan newspaper reports.

Majority starts president’s suspension procedures
A day after the Social Liberal Union (USL) legislators dismissed with a large majority of votes the two Speakers of the Parliament, the Union started today the procedures for the suspension and possible impeachment of President Traian Basescu. This is the second time when the Parliament asks for Basescu’s suspension.

Some 177 Roma repatriated by French authorities to Romania
Some 177 Romanian citizens of Roma origin were repatriated on Tuesday night from Lille, France, Romania TV news channel informs today (Weds).