Bulgaria's Jan-Oct C/A Surplus Rises to 3.2%/GDP

Bulgaria's Jan-Oct C/A Surplus Rises to 3.2%/GDP

Bulgaria's current account surplus through October was equivalent to a preliminary 3.2% of the gross domestic product (GDP) projected for 2011, compared to 0.7% of GDP a year earlier, the central bank said on Wednesday.

At the end of October, the current account showed a surplus of 1.255 billion euro ($1.61 billion), compared to 238.1 million euro a year earlier, the central bank said on its website.

Bulgaria posted a trade deficit of 1.21 billion euro in the ten-month period, equivalent to 3.1% of the projected GDP. In the first ten months of 2010 the country ran a trade deficit of 1.9 billion euro, equivalent to 5.4% of GDP.

January-October exports rose by 31.3% to 16.68 billion euro while imports increased by 22.1% to 17.89 billion euro.

Foreign direct investment (FDI) in Bulgaria decreased to 668 million euro through October, equivalent to 1.7% of the projected GDP, from some 1.13 billion euro a year earlier.

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