Foreign direct investment in Bulgaria in the first two months of the year stood at 40.3 million euro, the equivalent of 0.1 per cent of gross domestic product, according to data from the Bulgarian National Bank (BNB).
In the same period of 2012, the figure was 524.3 million euro, but the original amount reported by BNB was 84.6 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 50.1 million euro and re-invested earnings accounted for 12.8 million euro. The central bank data showed a 22.5 million euro in investment outflows, recorded as the change in the net liabilities of the Bulgarian companies invested in towards their foreign investor owners – outflows that repayment of included financial loans, suppliers’ credits and debt securities.
The bulk of such outflows was towards The Netherlands, which stood at 15.1 million euro, compared to 5.2 million euro coming in as investment from Dutch-registered investors.
According to preliminary figures, Bulgarian investment abroad stood at 6.8 million euro in the first two months of 2013, compared to 23.8 million euro in the same period of last year, BNB said.