Bulgaria's Export with Record Growth since Start of Crisis

In October 2009, Bulgaria’s export registered a record monthly growth for the last year.

According to data of the Bulgarian National Bank, Bulgaria’s export grew by 15% in October compared to September 2009, reaching EUR 1,21 B.

Its decline compared to October 2008 was only 5,5%, compared to a year-on-year decline of 20% in September 2009.

In January-October 2009, Bulgaria has a negative foreign trade balance of EUR -3,5 B, which is twice smaller compared to the first ten months of 2008.

Bulgaria’s foreign direct investments in January-October 2009 amounted to EUR 2,33 B – which is also twice smaller than the EUR 5,87 B attracted in the first ten months of 2008.

At the end of October 2009, the foreign direct investments cover 95% of Bulgaria’s current account deficit.