Chairman of the Presidential Leadership Council Dr. Rashad al-Alimi sent Monday a congratulatory telegram to Peter Pellegrini, the President of the Slovak Republic on the occasion of his friendly country's National Day.
The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.
The World Bank (WB) has provided a grant of $100 million to Madagascar, aimed at improving the performance of the national electricity and water company 'JIRAMA', which is suffering from a severe financial crisis.
South Korea records largest current account surplus in 32 months
[06/07/2024 06:43]
SEOUL-SAB
The Bank of Korea announced on Friday that South Korea has recorded the largest current account surplus in 32 months in May, driven by a sharp increase in the trade surplus and an increase in dividend payments.
The bank said in a statement released by the Korean news agency (Yonhap) that the country's current account surplus reached $8.92 billion in May, turning from a deficit of $290 million in April.
It attributed the May surplus to a sharp increase in the country's trade surplus and an increase in dividend payments from abroad.
The May figure was the largest since September 2021 when the surplus reached $9.51 billion.
The country's goods account posted a surplus of $8.75 billion in May, marking the 14th consecutive month of surplus.
The primary income account, which tracks wages of foreign workers and dividend payments from abroad and interest income, posted a surplus of $1.76 billion in May, after a deficit of $3.33 billion in April, according to the data.
The deficit in the services account narrowed to $1.29 billion in May, from a deficit of $1.66 billion in April.