current account gap

Romania's current account deficit widened 48.7% to EUR4.07 billion in the first eight months, from a gap of EUR2.74 billion a year earlier, largely due to the falling current transfers surplus, central bank data showed Wednesday.

Romania’s central bank expects the current account deficit to narrow to 4.6% of the gross domestic product in 2009, from 12.3% of GDP last year, deputy governor Cristian Popa said Thursday.