Bulgaria posts biggest rise in industrial output among EU members in SEE in Aug
Bulgaria recorded the highest increase in industrial production among EU member states in Southeast Europe (SEE) in both annual and monthly terms in August, Eurostat data showed.
Industrial output in Bulgaria rose by 10.8% on an annual basis and by 1.8% in a monthly comparison in August, the bloc's statistical office said in a statement.
Elsewhere in SEE, Romania saw its industrial production expand by an annual 1.1%, the lowest rise among EU member states in the region.
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Net FDI into Bulgaria falls 61% in Jan-Aug
The net inflow of foreign direct investment (FDI) into Bulgaria went down by 60.7% year-on-year to 797.1 million euro ($926.7 million) in the eight months through August, the central bank said.
The net FDI inflow in the January-August period, calculated according to the directional principle, was equal to 1.2% of Bulgaria's 2021 forecast gross domestic product, the Bulgarian National Bank (BNB) said in a statement on Tuesday, citing preliminary data.
The largest net FDI inflow into Bulgaria in the review period, of 472.7 million euro, originated in Luxembourg, followed by the Netherlands with 296.7 million euro and Germany with 123.2 million euro. The largest net FDI outflows - of 238.4 million euro and 159.8 million euro, respectively - were directed to the Czech Republic and Switzerland.
In August alone, Bulgaria recorded a net FDI inflow of 165.6 million euro, down from 288.2 million euro inflow in the same month of 2020.
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Bulgaria posts 280.5 mln euro c/a surplus in Jan-Aug
Bulgaria's current account was in surplus of 280.5 million euro ($326.6 million) in the eight months through August, compared to a surplus of 800.9 million euro in the same period of last year, the central bank said.
The current account surplus for the first eight months of 2021 was equivalent to 0.4% of the gross domestic product (GDP) projected for the year, the Bulgarian National Bank (BNB) said in a statement on Tuesday, citing preliminary data.
The surplus in the comparable period in 2020 was equivalent to 1.3% of last year's estimated GDP.