Bulgaria posts 0.1pc/GDP current account surplus through February

SOFIA: Bulgaria posted a current account surplus of 0.1 percent of gross domestic product in the first two months of 2018, compared with a surplus of 0.4 percent in the same period a year earlier, central bank data showed on Thursday.

The surplus stood at 62.7 million euros ($77.50 million) in the first two months, compared with 201.9 million euros in the first two months of 2017 mainly due to surging imports.

Foreign direct investment, much needed to boost sustainable growth in the Black Sea state, was 204.9 million euros through February, compared with 353.2 million euro in the same period in 2017.

The finance ministry sees the current account posting a surplus of 1.7 percent of GDP in 2018, after 4.5 percent surplus in 2017.