Foreign direct investment in Bulgaria in the first nine months of the year stood at 854.4 million euro, the equivalent of 2.1 per cent of gross domestic product (GDP), according to data from the Bulgarian National Bank (BNB).
In the same period of 2012, the figure was 1.66 billion euro (4.2 per cent of GDP), but the original amount reported by BNB was 971.8 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 618.3 million euro (compared to 637.2 million euro in the same period of 2012) and re-invested earnings accounted for 106.6 million euro (versus 129.7 million euro in January-September last year).
Receipts from real estate investments by foreign companies totalled 100.7 million euro in January-September 2013, compared to 183.6 million euro during the same period of last year.
The central bank data showed a 129.4 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, down from 897.2 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-September 2013 came from The Netherlands (578.9 million euro) and Germany (93.7 million euro). The largest net negative flows for the period were towards the UK (an outflow of 73.1 million euro).
According to preliminary figures, Bulgarian investment abroad stood at 68.9 million euro in the first nine months of 2013, compared to 139.9 million euro in the same period of last year, BNB said.
(Photo: Michael Faes/sxc.hu)