Send to Kindle
Source: NSI
Bulgaria's foreign trade deficit decreased by 40.5% in the first seven months of 2011 year-on-year, according to preliminary data of the National Statistical Institute.
Bulgaria's total exports (to both EU and non-EU countries) in January-July 2011 amounted to BGN 22.4 B, an increase of 36.9% compared with the same period of 2010.
At the same time, in the first seven months of 2011, Bulgaria imported goods and services worth BGN 24.8 B, an increase 21.8%.
Thus, in January-July Bulgaria ended up with a negative foreign trade balance of BGN 2.362 B, a trade deficit decrease of BGN 1.608 B, or 40.5%, year-on-year (counting export FOB minus import CIF); when subtracting the transport and import insurance cost (export FOB minus export FOB), Bulgaria's foreign trade deficit amounted to BGN 1.155 B in the said period.
In July 2011 alone, Bulgaria exported goods and services worth BGN 3.6 B, an increase of 21.1% year-on-year, while its imports amounted to BGN 3.7 B, an increase of 12.7% y/y.
Thus, in July, Bulgaria had a negative monthly trade balance of BGN 89.8 M (export FOB-import CIF), and a positive balance of BGN 99.2 M when calculating the export FOB minus import FOB figures.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
In a recent meeting of the European Council, Acting Prime Minister Dimitar Glavchev underscored Bulgaria's unwavering support for Ukraine amidst discussions surrounding the fight against disinformation and foreign manipulation of information
European leaders have reaffirmed their unwavering commitment to Ukraine, pledging urgent assistance to bolster the nation's defense capabilities
Bulgaria finds itself at the bottom of the list in terms of citizens who believe in the benefits of EU membership, according to the latest Eurobarometer survey results
Slovak Prime Minister Robert Fico has announced Slovakia's opposition to Ukraine's bid for NATO membership, emphasizing the need for a neutral Ukraine to safeguard Slovakia's interests
Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), delivered a stark assessment of the European Union's (EU) economic performance, highlighting concerns over its lackluster growth compared to global counterparts
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
