Bulgaria's Jan C/A Deficit Narrows to 0.03%/GDP, FDI Drop to 31.4 Mln Euro

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.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.