September 16 (SeeNews) - Bulgaria's current account showed a surplus of 1.29 billion euro ($1.45 billion) for the first seven months, compared to a surplus of 380.5 million euro for the same period last year, the central bank, BNB, said on Friday.
The current account surplus was equivalent to 2.8% of the 2016 gross domestic product (GDP) forecast by the BNB. This compared with a surplus equivalent to 0.9% of GDP for the year-ago period, the central bank said in a statement.
In July alone, the current account showed a surplus of 513.4 million euro, compared to a surplus of 470.7 million euro for the same month last year.
Bulgaria's January-July external trade deficit narrowed to 848.6 million euro, or 1.9% of GDP, from 1.39 billion euro, or 3.2% of GDP, a year earlier.
Seven-month exports fell 2.1% year-on-year to 12.7 billion euro, while imports decreased 5.7% to 13.5 billion euro. Exports grew 10.4% and imports rose 7.5% during the same period of 2015.
($= 0.8903 euro)