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Bulgaria Jan-Sept current account posts 1.1pc/GDP surplus SOFIA: Bulgaria posted a current account surplus equivalent to 1.1 percent of gross domestic product in the first nine months of 2014, compared with a surplus of 3.1 percent in the same period last year, central bank data showed on Monday.The surplus came to 432 million euros ($540 million) as of the end of September, down from 1.28 billion euros in the same period last year. The fall was mainly due to weaker exports.Foreign direct investment in the EU member, needed to spur its fledgling economy, stood at 1.11 billion euros, slightly down from 1.16 billion euros in the same period a year ago.The government sees the current account, the Balkan country's balance sheet with the rest of the world, posting a surplus of 0.8 percent in 2014, after a 1.9 percent surplus last year. Copyright Reuters, 2014 ...

Indian ports see shipping fuel demand jump as much as 25pc SINGAPORE: Demand for shipping fuel at major Indian ports has climbed in the past week by up to 25 percent as the cost of refuelling at Singapore, Asia's bunkering hub, soared following the collapse of the world's leading supplier, traders said.The announcement of OW Bunker's bankruptcy drove up shipping fuel prices in Singapore - one of the cheapest ports in Asia in which to refuel - to their highest in more than two years as ...
Brazil's economic activity rises 0.4pc in Sept BRASILIA: The Brazilian central bank's IBC-Br economic activity index rose 0.40 percent in September from August in seasonally adjusted terms, the bank said on Monday.The median estimate in a Reuters survey of 18 analysts was for a 0.14 percent increase.Economic activity in the third quarter rose a seasonally-adjusted 0.6 percent from the second quarter.The IBC-Br index, a gauge of activity in the farming, industry and services sectors, rose a non-seasonally adjusted 0.92 percent over the ...
Hungary's FX loan holders may not lose out as forint could slip: economy minister BUDAPEST: Hungarian foreign-currency mortgage holders may not lose money by converting their loans back into forints at a fixed rate next year as the domestic currency could weaken further by then, Economy Minister Mihaly Varga said.Banks will have to convert billions of euros worth of the loans in the first half of 2015 at 309 forints per euro.The central bank sold nearly 8 billion euros to banks last week to help them with the conversion ...
Thailand grows at lacklustre 0.6pc in Q3 BANGKOK: Thailand's economy grew at a lacklustre 0.6 percent in the third quarter, prompting authorities to again clip the full year growth forecast, in a blow to a junta which has vowed to kick-start the economy following their coup.Prime Minister Prayut Chan-O-Cha, the former army chief who led the May coup, has pinned the junta's legitimacy to injecting zip into Thailand's once dynamic economy after months of political protests froze government spending, scared off tourists ...
Sales tax hike took Abenomics in negative direction TOKYO: Japan's economy is a bit unstable and the sales tax increase in April took "Abenomics" in a negative direction, one of Prime Minister Shinzo Abe's key economic advisers said on Monday.Koichi Hamada, professor emeritus of economics at Yale University, was speaking an event organised by the Foreign Press Center. His comments came after data showed the economy unexpectedly slipped into recession in the third quarter.The data is seen as setting the stage for Abe ...
Thailand trims outlook as Q3 GDP slower than expected BANGKOK: Thailand's economy grew much less than expected in the July-September quarter as exports contracted, forcing the authorities to again cut the country's growth forecast for the year. The weak outlook has raised new doubts the junta can quickly turn the economy around even after pledging to roll out infrastructure spending and other measures to boost consumption. Southeast Asia's second-largest economy grew 1.1 percent in the third quarter on a seasonally-adjusted basis from the prior ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln