DBI Romania > News > Good luck with IT professionals: Telecommunications and IT services have reduced the current account deficit in the first four months of 2020 by 21% to 1.8 billion euros
Good luck with IT professionals: Telecommunications and IT services have reduced the current account deficit in the first four months of 2020 by 21% to 1.8 billion euros
Romania registered between January and April 2020 a current account deficit of 1.78 billion euros, down 21% from the level of 2.25 billion euros in January-April 2019. But not the trade balance (import and export of goods) is responsible for this adjustment, because, despite the crisis, the trade deficit has continued to widen, but what is called “primary income” (labor income, income from investments in financial assets – direct, portfolio and other investments) and “secondary revenues” (private current transfers and government transfers).
