free counter
World

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

Register now free of charge unlimited usage of Reuters.com

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)

Register now free of charge unlimited usage of Reuters.com

Reporting by Tsvetelia Tsolova

Our Standards: The Thomson Reuters Trust Principles.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker