Bulgaria’s current account balance for the first eight months of the year turned positive and amounted to €323m or 0.9% of projected 2010 GDP* versus a deficit of 7.1% of GDP or €2.5bn a year earlier. The improvement in the current account for the period January-August was mainly driven by the narrowed trade deficit of €1.3bn, down to 3.7% of projected GDP versus 8.5% of GDP in 2009. The trade balance in August alone was positive for the first time in twelve years and reached €26.2m compared to a trade deficit of €257.1m in August 2009. Total exports (FOB) for the first eight months of the year surged by 32% YoY to €9.8bn. January-August imports rose by 7.2% YoY to €11bn. At the same time FDI in Bulgaria fell by 61% YoY for the first eight months of the year to €835.9m or 2.3% of projected 2010 GDP, compared to €2.1bn or 6% of GDP in January-August 2009. *Projected GDP for 2010 of €36 136m, source BNB