FDI in Bulgaria in January-May was 505.4 million euro

Foreign direct investment in Bulgaria in the first five months of the year stood at 505.4 million euro, the equivalent of 1.2 per cent of gross domestic product, according to data from the Bulgarian National Bank (BNB).

In the same period of 2012, the figure was 933.2 million euro (2.4 per cent of GDP), but the original amount reported by BNB was 473.8 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 347.4 million euro (compared to 377.9 million euro in the same period of 2012) and re-invested earnings accounted for 38 million euro (versus 42.9 million euro in January-May last year).

Receipts from real estate investments by foreign companies totalled 52.2 million euro in January-May 2013, compared to 98.2 million euro during the same period of last year.

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(Photo: svilen001/sxc.hu)