Head of BCR expects foreign deficit to peak in 2010

“Romania’s situation is not unusual, because other countries who joined the EU in 2004 were subject to a similar process,” said Wimmer.

While the current account deficit, nearing 14 percent this year, is considered to be a large, Wimmer believes that large investments in fixed assets will create the premises for future growth of exports, surpassing the upward trend in imports.

Romania has the resources to overcome this deficit: foreign investments, European structural funds, and money sent home by Romanians working outside the country. (NewsIn)