Balance of payments

Turkey's current account balance posted $548 million deficit this June, the nation's Central Bank said on Aug. 9.

Economists forecast Turkey's current account balance will post a $376M deficit in June, according to an Anadolu Agency survey.

Greece's current account balance showed a larger surplus in May compared to the same month last year, on the back of an improved balance in the primary income account due to lower net payments for interest and dividends, the Bank of Greece said on Friday.

Central bank data showed the surplus at 301 million euros from a surplus of 37 million euros in May 2018.

This May Turkey's current account balance posted a $151 million surplus, improving from a $6.17 billion deficit in the same month last year, the Turkish Central Bank announced.

Greece's current account balance showed a slightly smaller deficit in April compared to the same month last year, on lower payments for fuel imports and higher receipts from transport services, the Bank of Greece said on Thursday.

Central bank data showed the deficit at 1.4 billion euros ($1.58 billion) from a deficit of 1.486 billion euros in April 2018.

The International Monetary Fund (IMF) said on Tuesday that it expects the Bulgarian economy to grow by a real 3.3% in 2019, up from its October 2018 projection for 3.1% growth, reports SeeNews. 

Bulgaria's gross domestic product is then expected to rise by a real 3.0% in 2020, the IMF said in the latest edition of its World Economic Outlook (WEO) report.

Bank of Greece figures showed on Wednesday that the country's current account deficit expanded by 2.1 billion euros last year, compared to 2017.
The growth of the deficit is mainly attributed to the increase in imports which accompanied the economy's emergence from recession.

Greece's current account balance showed a wider deficit in November compared to the same month a year ago, on the back of a larger trade gap and a weaker primary income balance, the Bank of Greece said on Monday.

Central bank data showed the deficit at 1.417 billion euros from a deficit of 1.125 billion euros in November 2017.

The decline of the national currency in relation to the euro is 0.6 percent, and only in the situation in which it declines over 4-5 percent the Central Bank analysis rigor intervenes, National Bank of Romania (BNR) strategy consultant Adrian Vasilescu maintains.

Greece's current account balance showed a slightly wider deficit in October compared to the same month a year ago on the back of a wider deficit in the balance of goods, the Bank of Greece said on Friday.

Central bank data showed the deficit at 871 million euros from a deficit of 789 million euros in October 2017.