The current account deficit counted as of March 2007 reached 1.5 billion euro, nearly 5.6 per cent of the predicted annual GDP.

Only for a month, the deficit totals 511.3 million euro in comparison to the 443.3 million euro for the same period in 2006, Bulgarian National Bank reported.

Foreign trade deficit in March reached 1.48 billion euro, in comparison to last year’s 1.05 billion euro.

According to preliminary data export of Bulgarian goods increased with 6.2 per cent on an annual basis to reach 2.84 billion euro after the first three months of 2007. Imports went up by
16 per cent, reaching 4.32 billion euro.

Based on foreign investment, the UK is in the lead being responsible for 16.4 per cent of the overall investment volume in 2007. Luxembourg ranks second and the US is third reaching 11.3 per cent and 9.2 per cent respectively.