SOFIA: Bulgaria posted a current account surplus of 1.2pc of gross domestic product in the first four months, compared with a deficit of 0.1pc in the same period a year earlier, central bank data showed on Wednesday.
For April alone the surplus stood at 149 million euros ($166.85 million), compared with a deficit of 78 million euros a year ago mainly due to an increase in exports.
Foreign direct investment, much needed to boost sustainable growth in the Black Sea state, fell by 55 million euros in the first four months of the year.
The finance ministry sees the current account posting a surplus of 2.6pc in 2019, as it expects slower exports and a pick up in imports driven by domestic demand. Bulgaria ended 2018 with a current account surplus of 4.6pc of GDP.
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