Bulgaria's imports back to pre-crisis levels in Nov

Bulgaria's imports back to pre-crisis levels in Nov

Bulgaria's imports staged a 39.1% annual growth to BGN 3.639 billion in November 2010, marking the highest rise since the crisis' outbreak, the latest data by the National Statistical Institute (NSI) showed.

The major uptick could be interpreted as a sign for a potential recovery in the country's economy, but experts note that the trend in foreign investments and consumption, which yet to be reviewed, should also be taken into account.

Statistical data on the country's balance of payments and foreign direct investments is to be released later this week.

Meanwhile, foreign trade figures released on Monday also showed that the country's accumulated trade deficit decreased 45.3% on an annual basis for first eleven months of 2010, despite the 64% rise in November, which was prompted by the increase in imports.

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