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Bulgaria: Current Account Turns Into Negative Territory

Published: January 12, 2013; 17:18 · (Vindobona)

Expectedly the C/A balance deteriorated in October. Cumulatively from the beginning of the year its value also moved to negative territory: EUR -31.6m.

Bulgaria: Current Account Turns Into Negative Territory / Picture: © Flickr

In October, the current account was negative (EUR -113.8m), which is typical for the last months of the year, due to seasonal factors. On an annual basis was it achieved a slight increase of EUR 43.5m. Cumulatively from the beginning of the year its value also passed to negative territory: EUR -31.6m (-0.1% of GDP). The dynamics of the current account was broadly in line…

This article includes a total of 523 words.

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