Bulgaria's current account was in deficit of 626.8 million euro

Bulgaria's current account was in deficit of 626.8 million euro

Bulgaria's current account was in deficit of 626.8 million euro ($659.4 million) in January-April 2022, compared with a surplus of 122.1 million euro in the like period of last year, the central bank said on Friday.

The current account deficit recorded in the first four months of 2022, represented 0.8% of the projected gross domestic product (GDP) for the year, the Bulgarian National Bank (BNB) said in a statement.

The surplus in the same period of 2021 was equal to 0.2% of last year's GDP.

Imports of goods into Bulgaria rose by 38.6% on the year to some 15.7 billion euro in January-April, or 20.9% of the estimated 2022 GDP.

At some 14.3 billion, exports of goods in the first four months showed an annual increase of 32.8%, coming in at some 19.1% of the projected GDP.

In April alone, Bulgaria's current account was in surplus of 163 million euro, compared with a surplus of 86.9 million euro in April 2021.

Details follow (in millions of euro):

Jan-Apr'22 Jan-Apr'21 CURRENT ACCOUNT -626.8 122.1 - goods and services (net) -96.4 541.6 -- goods -1347.0 -517.6 -- services 1250.5 1059.2 - primary income -1046.1 -699.8 - secondary income 515.7 280.3 CAPITAL ACCOUNT -232.3 236.5 FINANCIAL ACCOUNT 375.1 1642.7

Source: BNB

($ = 0.9505 euro)

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Bulgaria's electricity consumption on Friday ticked down by 8.07%

 

Reporting on the daily volume and changes in Bulgaria's electricity consumption as given by the Bulgarian power system operator Electricity System Operator EAD at 12:00 EET:

Bulgaria's electricity consumption on Friday ticked down by 8.07% to 85,136 megawatt hours.

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