Bulgaria's Jan C/A Deficit Rises to 0.3%/GDP

Bulgaria's Jan C/A Deficit Rises to 0.3%/GDP

Bulgaria's current account deficit in January was equivalent to a preliminary 0.3% of the gross domestic product (GDP) projected for 2012, compared to 0.2% of GDP a year earlier, the central bank said on Thursday.

At the end of January, the current account showed a deficit of 112 million euro ($146.3 million), compared to 69.1 million euro a year earlier, the central bank said.

Bulgaria posted a trade deficit of 176.4 million euro in January, equivalent to 0.4% of the projected GDP. In the first month of 2011 the country ran a trade deficit of 18.7 million euro.

January exports dropped by 10.2% on the year to 1.43 billion euro, while imports edged down by 0.3% year-on-year to 1.6 billion euro.

Foreign direct investment (FDI) in Bulgaria decreased to 44.2 million euro in January, equivalent to 0.1% of the projected GDP, from 186.1 million euro a year earlier.

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