SOFIA: Bulgaria posted a current account surplus of 1.1 percent of gross domestic product in the first three months, compared with a surplus of 0.01 percent in the same period a year earlier, central bank data showed on Monday.
For March alone the surplus stood at 155.5 million euros ($173.46 million), compared with a deficit of 51.3 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 254.4 million euros in the first three months of the year.
The finance ministry sees the current account posting a surplus of 2.6 percent 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 4.6 percent of GDP.
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