Bulgaria's Jan-May c/a Shows 0.6%/GDP Surplus

Bulgaria's Jan-May c/a Shows 0.6%/GDP Surplus

Bulgaria's current account showed a surplus of 274.8 million euro (306.1 million US dollars) in the January-May period, compared to a deficit of 192.1 million euro a year earlier, the central bank, BNB, said on Friday.
The current account surplus was equivalent to 0.6% of the country's gross domestic product (GDP), versus a shortfall of 0.4% in the year-ago period, BNB said in a statement.
In May alone, the current account showed a surplus of 36.5 million euro, compared to a surplus of 16.6 million euro for the same month last year.
Bulgaria's January-May external trade deficit fell to 499.4 million euro, or 1.1% of GDP, from 821.4 million euro, or 1.9% of GDP, a year earlier.
Exports in the five-month period fell 0.7% to 8.7 billion euro, while imports decreased 5.8% to 9.2 billion euro. In the same period of 2015, exports grew 13.4% and imports rose 5.3%.


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