Bulgaria C/A Deficit Shrinks Further by 45% in Q1 2009

Bulgaria's current account deficit continues to shrink and stood at EUR 1,078 B or 3,2% of the expected GDP in the first quarter of 2009 year-upon-year, data showed on Friday.

The deficit, which is Bulgaria's key economic concern, amounted to EUR 1.980 B or 5.8% of GDP during the same period a year ago, the central bank announced.

Foreign direct investments, which preliminary data sets at EUR 646.6 M, covered 59,9% of the current account gap in the first quarter of the year.

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