FDI in Bulgaria in January was 58.3M euro

Written by on March 18, 2014 in Business - Comments Off on FDI in Bulgaria in January was 58.3M euro
copper and silver coins in a pile

Foreign direct investment in Bulgaria in the first month of 2014 stood at 58.3 million euro, the equivalent of 0.1 per cent of gross domestic product (GDP), according to data from the Bulgarian National Bank (BNB).

In the same period of 2013, the figure was 70.8 million euro (0.2 per cent of GDP), but the original amount reported by BNB was 31.4 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 13.2 million euro (compared to 163.1 million euro in January 2013) and re-invested earnings accounted for 12.3 million euro (versus 13.5 million euro in January last year).

Receipts from real estate investments by foreign companies totalled five million euro, compared to 6.9 million euro during the same month of last year.

The central bank data showed a 32.8 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to an outflow of 105.8 million euro in January 2013. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January 2014 came from the British Virgin Islands (19.8 million euro) and The Netherlands (18.4 million euro). The largest net negative flows for the period were towards France (an outflow of 9.5 million euro).

According to preliminary figures, Bulgarian investment abroad stood at 12.3 million euro in the first month of this year, compared to 17.1 million euro in the same period of last year, BNB said.

(Photo: Alessandro Paiva/sxc.hu)

Comments

comments

About the Author

The Sofia Globe - Bulgaria’s fully independent English-language news and features website, run by an all-expatriate team. Sign up to subscribe to sofiaglobe.com's daily bulletin by using the form on the homepage of our website. Please click to support our advertisers!