Caretaker Fin Min Expects Balanced C/A in 2013

Caretaker Fin Min Expects Balanced C/A in 2013

Caretaker finance minister Kalin Hristov said he expects the country to report a balanced current account this year, rather than run a gap of 2.8% of the gross domestic product (GDP), as projected in the 2013 budget act.

Domestic demand will remain slow this year, bringing down end-year inflation to 1.7% instead of the expected 2.0%, the minister told Reuters.

The minister also reiterated the position of his predecessor Simeon Dyankov that Bulgaria will be in no hurry to enter the euro zone until there are clear signs the debt crisis is over.

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