Bulgaria's Jan C/A Deficit Narrows to 0.03%/GDP, FDI Drop to 31.4 Mln Euro
Bulgaria's January current account gap narrowed to a preliminary 0.03% of the gross domestic product (GDP) projected for the year from 0.6% of GDP a year earlier, the central bank said.
The current account deficit shrank to 10.9 million euro ($14.1 million) in January from 253.6 million euro a year earlier, the central bank said.
Foreign direct investment (FDI) in the country dropped to 31.4 million euro in January, equivalent to 0.1% of the projected GDP, from some 326.5 million euro a year earlier.
Emigrants sent back to their families 59 million euro in January.
Bulgaria's trade balance showed a deficit of 29.5 million euro at the end of January, equivalent to 0.1% of the projected GDP. In 2012, the country ran a trade deficit of 278.3 million euro, equivalent to 0.7% of GDP.
Exports in January rose 23.9% on the year to 1.78 billion euro, while imports increased by an annually 5.5% to 1.81 billion euro.