site.btaJan-June 2015 Current and Capital Account Positive at EUR 1,039.6 Mln - National Bank

Jan-June 2015 Current and Capital Account Positive at EUR 1,039.6 Mln - National Bank

Sofia, August 17 (BTA) - In January - June 2015 the current and capital account was positive amounting to 1,039.6 million euro (2.4 per cent of GDP), compared with a surplus of 168.2 million euro (0.4 per cent of GDP) in January - June 2014, the Bulgarian National Bank said in a press release Monday, which specified that the data are preliminary.

The current account recorded a surplus of 126.1 million euro in June 2015, compared with a positive balance of 316.3 million euro in June 2014. In January - June 2015 the current account was positive and amounted to 324 million euro (0.8 per cent of GDP), compared with a deficit of 156.6 million euro (0.4 per cent of GDP) in January - June 2014.

The balance on goods recorded a deficit of 113.5 million euro in June 2015, compared with a deficit of 177.6 million euro in June 2014. In January - June 2015 the balance on goods was negative amounting to 1,210.5 million euro (2.8 per cent of GDP), compared with a deficit of 1,809 million euro (4.3 per cent of GDP) in January - June 2014.

Exports of goods amounted to 2,060.9 million euro in June 2015, growing by 256.7 million euro (14.2 per cent) from June 2014 (1,804.2 million euro). In January - June 2015 exports of goods totalled 10,995.9 million euro, increasing by 1,231.3 million euro (12.6 per cent) year-on-year (from 9,764.6 million euro).

Imports of goods amounted to 2,174.4 million euro in June 2015, growing by 192.6 million euro (9.7 per cent) from June 2014 (1,981.8 million euro). In January - June 2015 imports of goods totalled 12,206.4 million euro, rising by 632.9 million euro (5.5 per cent) from January - June 2014 (11,573.5 million euro). In January - June 2014 imports shrank by 0.2 per cent year-on-year.

In January - June 2015 the balance on goods was negative amounting to 1,210.5 million euro(2.8 per cent of GDP), compared with a deficit of 1,809 million euro (4.3 per cent of GDP) in January - June 2014.

The capital account recorded a surplus of 65.9 million euro, compared with a positive balance of 132.8 million euro in June 2014. In January - June 2015 the capital account recorded a surplus of 715.6 million euro (1.7 per cent of GDP), compared with a positive balance of 324.8 million euro (0.8 per cent of GDP) in January - June 2014.

The financial account recorded a net inflow of 29.1 million euro, compared with an outflow of 153.7 million euro in June 2014.

The BNB reserve assets dropped by 49.7 million euro, compared with an increase of 440.2 million euro in June 2014. In January - June 2015 they grew by 2,602.5 million euro (6.1 per cent of GDP), compared with a decrease of 235.9 million euro (0.6 per cent of GDP) in the same period of 2014.