Bulgaria Turns to C/A Surplus of 0.1%/GDP in Jan-May

Bulgaria Turns to C/A Surplus of 0.1%/GDP in Jan-May

 Bulgaria's January-May current account turned to a surplus equal to 0.1% of the gross domestic product (GDP) projected for 2013 from a gap of 2.6% a year earlier, the central bank said.
In the five-month period the current account showed a surplus of 28.7 million euro ($37.5 million), compared to a gap of 1,042.5 million euro a year earlier, the central bank said in a statement.
Bulgaria posted a trade deficit of 991.3 million euro through May, equivalent to 2.4% of the projected GDP. In the first five months of 2012 the country ran a trade deficit of 1,850.8 million euro.
Exports increased by 9.6% on the year to 8.9 billion euro in the first five months of 2013, while imports fell by 0.8% to 9.9 billion euro.
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