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Bulgaria’s current account posts 1.0%/GDP surplus through July

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SOFIA, Sept 19 (Reuters) – Bulgaria posted an ongoing account surplus of 803.7 million euros ($801.6 million), add up to 1.0% of economic output in the initial seven months, in comparison to a surplus of 0.4% in exactly the same period this past year as income from services and production increase, the central bank said on Monday.

In July alone, the existing account posted a surplus of 95.8 million euros in comparison to a surplus of 271 million euros this past year, data showed.

Foreign direct investment, essential to improve growth in the European Union’s country was 925 million euros through July, below 1.06 billion euros in exactly the same amount of 2021.

The finance ministry sees Bulgaria’s current account posting a deficit of 2.4% of gross domestic product in 2022, up from the shortfall of 0.4% in 2021.

($1 = 1.0026 euros)

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Reporting by Tsvetelia Tsolova

Our Standards: The Thomson Reuters Trust Principles.

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