Bulgaria Grapples with Soaring Corruption Rates: New Report Reveals Shocking Data
Corruption in Bulgaria has soared to its third highest peak in history, according to a recent report by the Center for the Study of Democracy
Bulgaria’s balance of trade until November 2018 is negative, and stands at 167.2 million euro, with a deficit of 119.5 million euro for November 2017, the Bulgarian National Bank says, quoted by the Bulgarian National Radio.
In the January-November 2018 period, the trade balance was negative at close to 2 billion euro (3.6 percent of the GDP), with a deficit of 371.3 million euro (0.7 percent of the GDP). Over the same period of 2018 the country’s exports have gone up by 6 percent, or 547.5 million euro, compared to the previous year (46 percent of the GDP). Imports over the same period have gone up by 7.6 percent - 195.5 million euro, reaching 49.6 percent of the GDP.
According to preliminary data the net inflows of foreign direct investments in the country over January-November 2018 amount to 795.4 million euro. For November 2018 the current account balance was positive, standing at 58.6 million euro with a deficit of 26.1 million euro for November 2017.
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