Bulgaria Тurns To c/a Gap In Jan-Apr, FDI Down
Bulgaria turned to current account deficit of 211.6 million euro ($286.3 million) in the January-April period from a surplus of of 54.2 million euro a year earlier, the central bank said on Monday.
Foreign direct investments (FDI) in Bulgaria decreased to 218.5 million euro in January-April, equivalent to 0.5% of the projected gross domestic product (GDP), from some 305.1 million euro, or 0.8% of GDP, a year earlier, the Bulgarian National Bank said in a statement.
The current account deficit was equivalent to 0.5% of the country's GDP projected for 2014, compared to a surplus of 0.1% of GDP a year earlier, the central bank added.
Bulgaria's trade balance showed a deficit of 1.177 billion euro in the January-April period, equivalent to 2.9% of the projected GDP. A year earlier, the country had a trade shortfall of 608 million euro, equivalent to 1.5% of GDP.
Exports decreased 8.0% on the year to 6.607 billion euro in January-April, while imports fell by 0.1% to 7.784 billion euro.