Bulgaria's Current Account Turns To Surplus, FDIs Down

Business | July 17, 2013, Wednesday // 17:14| Views: | Comments: 0
Bulgaria: Bulgaria's Current Account Turns To Surplus, FDIs Down

Bulgaria's current account swung to a surplus for the first five months of 2013 from a deficit a year ago, data released by the Bulgarian National Bank showed Wednesday.

The current account showed a surplus of EUR 28.7 M from January till the end of May, compared to a deficit of BGN 1.04 B in the same period a year earlier.

This is helped mainly by improvements in current transfers and the services account.

Meanwhile foreign direct investments (FDIs) in Bulgaria decreased by EUR 427.8 M to EUR 505.4 M for the period January - May 2013.

The central bank data also shows a decline in portfolio investments in Bulgaria by EUR 447.4 M down to a deficit of EUR 655.7 M for January - May 2013

Foreign citizens’ loans and deposits are also on the downward.

Investments of non-residents in the real estate sector amounted to EUR 52.2 M from January to May 2013, in comparison with EUR 98.2 M during the same period last year.

Business » Be a reporter: Write and send your article
Tags: foreign direct investments, foreign direct investment, foreign direct investment in Bulgaria, foreign direct investment abroad, FDI, Bulgarian National Bank
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
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