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Sep 12, 2007 12:17 EEST
September 12 (SeeNews) - Bulgaria's current account deficit through July increased to a preliminary 11.4% of the projected gross domestic product (GDP) for 2007 from 7.2% a year earlier, the central bank said on Wednesday.
The country's current account balance for the first seven months of 2007 showed a deficit of 3.041 billion euro ($4.214 billion), higher than the 1.805 billion euro gap in the same period last year, the central bank said in a statement.
Bulgaria's trade deficit through July widened to 3.887 billion euro from 2.692 billion euro in the first seven months of 2006.
Bulgaria ended 2006 with a current account deficit of 15.8% of the projected GDP. Finance Minister Plamen Orehsarski said in June this year's current account deficit could reach 18% of the projected GDP.
($ = 0.7216 euro)
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