Bulgaria Posts Jan-May C/A Surplus of 1.1%

Bulgaria Posts Jan-May C/A Surplus of 1.1%

Bulgaria through May posted a current account surplus equivalent to a preliminary 1.1% of the gross domestic product projected for 2011, after running a deficit of 2.3% of GDP in the same period a year earlier, the central bank said on Friday.

At the end of May, the current account showed a surplus of 412.4 million euro ($582.2 million), compared to a 832 million euro deficit a year earlier, the central bank said on its website.

Bulgaria's trade balance showed a deficit of 318.5 million euro at the end of May, equivalent to 0.8% of the projected GDP. In the first five months of 2010 the country ran a trade deficit of 1.2 billion euro, equivalent to 3.3% of GDP.

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