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Bulgarian Capital Account Deteriorates
In Q3 2012 the trade balance deteriorated by € 203.5m compared to the same period of 2011, which was entirely due to the increase of the export of investment goods following the recovery of investment activity in the country.
Bulgarian Capital Account Deteriorates / Picture: © Vindobona.org
In October, the capital account was negative and amounted to € 82.1m, mainly due a return of a capital transfer from the government sector back to the EU. The financial account balance also posted a negative balance (€ -22.5m), declining by € 462.4m compared to a year earlier.
The decrease of the financial account’s balance compared to…
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