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Bulgaria: Surprisingly High current Account Balance
In November, the current account balance was positive amounting to EUR 89.7 mn, Raiffeisen Research reports.
Bulgaria: Surprisingly High current Account Balance / Picture: © Wikimedia Commons / Danny Cornelissen [http://www.portpictures.nl]
The registered figure is unusually high for that month of the year, as typically, due to seasonal factors the balance of exports of goods and services worsens compared to the summer months. As a result of the more favourable indicators, cumulatively for the period from January to November the current account also remained positive - EUR 50.3 mn, or 0.1% of GDP. Given the…
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