FDI in Bulgaria in January-August was 772.5 million euro

Written by on October 17, 2013 in Business - No comments

Foreign direct investment in Bulgaria in the first eight months of the year stood at 772.5 million euro, the equivalent of 1.9 per cent of gross domestic product, according to data from the Bulgarian National Bank (BNB).

In the same period of 2012, the figure was 1.59 billion euro (four per cent of GDP), but the original amount reported by BNB was 873 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 574.1 million euro (compared to 534.9 million euro in the same period of 2012) and re-invested earnings accounted for 87.5 million euro (versus 116.6 million euro in January-August last year).

Receipts from real estate investments by foreign companies totalled 87.8 million euro in January-August 2013, compared to 163.9 million euro during the same period of last year.

The central bank data showed a 111 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, down from 942 million euro in 2012. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-August 2013 came from The Netherlands (483.4 million euro) and Russia (67.4 million euro). The largest net negative flows for the period were towards the UK (an outflow of 48.4 million euro)

Outflows to Germany and Luxembourg (173.7 million euro and 197.2 million euro) were offset by equity investments (worth 201.2 million euro and 184.3 million euro, respectively).

According to preliminary figures, Bulgarian investment abroad stood at 54.7 million euro in the first eight months of 2013, compared to 135.2 million euro in the same period of last year, BNB said.

(Photo: Michael Faes/sxc.hu)

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