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Romanian commercial deficit grows 70%

The exports / imports balance for the first three months of the year reached a 13,701.7 million Romanian lei (€4,046.6 million), €1,695.5 million more that the Q1 of 2006, the National Statistics Institute (INS) reported.

According to the INS, the growing report between imports and exports of goods was influenced by the lower rate of shipments of oil and oil products, down to half of the 2006 Q1 level. Textile production outsourcing to Romania is also on a decreasing trend.

In April, Romania's annual average inflation rate was 3.77%, a slight growth compared to the 3.66% at the end of March, the same institution informs. The monthly inflation rate was 0.52% in April, after an extremely stable March, with 0.07%. (