Bulgaria's Export with Record Growth since Start of Crisis

Business | December 16, 2009, Wednesday // 09:26
Bulgaria: Bulgaria's Export with Record Growth since Start of Crisis

In October 2009, Bulgaria’s export registered a record monthly growth for the last year.

According to data of the Bulgarian National Bank, Bulgaria’s export grew by 15% in October compared to September 2009, reaching EUR 1,21 B.

Its decline compared to October 2008 was only 5,5%, compared to a year-on-year decline of 20% in September 2009.

In January-October 2009, Bulgaria has a negative foreign trade balance of EUR -3,5 B, which is twice smaller compared to the first ten months of 2008.

Bulgaria’s foreign direct investments in January-October 2009 amounted to EUR 2,33 B – which is also twice smaller than the EUR 5,87 B attracted in the first ten months of 2008.

At the end of October 2009, the foreign direct investments cover 95% of Bulgaria’s current account deficit.

Business » Be a reporter: Write and send your article
Tags: export, investment, foreign investments, FDI, current account deficit

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria