Bulgaria Current Account Deficit down by 56,4% January-August

Foreign direct investments decreased to EUR 1.95 B in the first eight months of this year from EUR 4.61 B a year ago. File photo

Bulgaria's current account deficit decreased more than 6,6% of GDP in the first eight months of the year, data showed on Wednesday.

The deficit plunged to EUR 2,2 B in January-August, down 56,4% from a year earlier, central bank data showed.

Exports fell by 29,9% to EUR 7,42 B for the same period, while imports were down by 34,9% to EUR 10,52 B.

Foreign direct investments decreased to EUR 1.95 B in the first eight months of this year from EUR 4,61 B a year ago, and covered 88.6% of the current account gap, the central bank data showed.