Foreign debt rises 40% in one year to 44.8bn euros - Azi

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Romania"s medium and long-term foreign debt reached 44.8 billion euros at the end of the first half, an increase of 42% against the same time in 2007, while the current account deficit rose by 8% and reached almost 8 billion euros, NBR data reveals.

Foreign debt has increased by 16.6% since the beginning of the year alone, fuelled both by financing secured by banks and private companies and by loans taken out by the state. The foreign public and publicly secured debt totalled 10.39 billion...

Read the whole story in: Ziarul Financiar