Bulgaria Swings to C/A Surplus of 3.4%/GDP in Jan-Sept, FDI Shrinks to 1.7 Bln Euro

Bulgaria Swings to C/A Surplus of 3.4%/GDP in Jan-Sept, FDI Shrinks to 1.7 Bln Euro

Bulgaria turned to a nine-month current account surplus equal to 3.4% of the gross domestic product (GDP) projected for 2013, from a gap of 0.1% of GDP a year earlier, the central bank said. 
Foreign direct investment (FDI) amounted to 854.4 million euro, or 2.1% of GDP, the central bank said in a statement. A year earlier FDI stood at 1.7 billion euro or 4.2% of GDP.
The current account showed a surplus of 1.39 billion euro ($1.87 billion) through September compared to a gap of 27.8 million euro a year earlier.
Bulgaria posted a trade deficit of 1.6 billion euro for the period under review, equivalent to 4.0% of the projected GDP. In the first nine months of 2012 the country ran a trade deficit of 2.6 billion euro.
Exports increased by 7.8% on the year to 16.6 billion euro in the first nine months of 2013, while imports rose by 1.0% to 18.2 billion euro.
 
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