Bulgaria Q1 C/A Deficit Narrows to 1.0%/GDP

Bulgaria Q1 C/A Deficit Narrows to 1.0%/GDP

 Bulgaria's January-March current account gap shrank to a preliminary 1.0% of the gross domestic product (GDP) projected for the year from 1.4% of GDP a year earlier, the central bank said.

The current account deficit fell to 420.7 million euro ($541.3million) in the first quarter of 2013 from 561.6 million euro a year earlier, the central bank said in a statement.
Exports in the January-March period rose 12.9% on the year to 5.22 billion euro, while imports increased by an annual 2.4% to 5.7 billion euro.
Foreign direct investment in the country stood at 257 million euro, compared to 673 million euro a year earlier.
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