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Montenegro’s Jan-Sept C/A Gap Widens 138% to Prelim 640 Mln Euro – C-bank

Dec 29, 2008, 1:33:55 PMArticle by Iskra Pavlova
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PODGORICA (Montenegro), December 29 (SeeNews) – Montenegro’s current account deficit widened to 640 million euro in the first nine months of 2008 from 269 million euro a year earlier, preliminary central bank data showed on Monday.

Montenegro’s Jan-Sept C/A Gap Widens 138% to Prelim 640 Mln Euro – C-bank

The 640 million euro current account gap is equivalent to 27.5% of the country’s gross domestic product, the central bank, CBCG, said on its website.

Details follow (in millions of euro):

BALANCE OF PAYMENTS Jan-Sept'08 Jan-Sept'07
I. CURRENT ACCOUNT BALANCE -640 -269
- Balance of goods -1,084 -763
- Balance of services 399 439
- Net factor income -7.9 16
- Current transfers 52 40
II. FINANCIAL ACCOUNT BALANCE 615 279
- Net foreign direct investments 434 376
- Net portfolio investments -9.6 16
- Net other investments 273 87
III. ERRORS & OMISSIONS -82 -200

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