SOFIA (Bulgaria), January 18 (SeeNews) – Bulgaria's current account showed a surplus of 789.5 million euro ($859.9 million) in the January-November period, compared to a surplus of 934.6 million euro a year earlier, the central bank said on Monday.
The current account surplus was equivalent to 1.8% of the country's gross domestic product (GDP) projected for 2015, compared to a surplus of 2.0% of the GDP in the year-ago period, the Bulgarian National Bank said in a statement.
Foreign direct investment (FDI) in the country rose to 1.46 billion euro in the eleven months through November from 1.2 billion euro in the year-ago period.
The largest net direct investment inflow in Bulgaria in the January–November period, amounting to 681 million euro, originated in the Netherlands.
Bulgaria's trade balance showed a deficit of 1.6 billion euro in the January-November period, equivalent to 3.7% of the projected GDP. In the like period a year earlier the country had a trade shortfall of 2.36 billion euro, equal to 5.5% of the projected GDP.
Eleven-month exports increased by 6.1% to 20.5 billion euro, while imports went up by 2.1% to 22.17 billion euro.
Details follow (in millions of euro):
BALANCE OF PAYMENTS |
Jan-Nov'15 |
Jan-Nov'14 |
CURRENT ACCOUNT |
+789.5 |
+849 |
-Trade balance |
-1,645 |
-2,365 |
-Balance of services |
+2,529 |
+2,539 |
CAPITAL ACCOUNT |
+1,207.6 |
+809.6 |
FINANCIAL ACCOUNT |
+2,673.6 |
+375 |
Foreign direct investments in Bulgaria |
+1,467.7 |
+1,216 |
($= 0.9181 euro)