Foreign direct investment in Bulgaria in the first 10 months of the year stood at 1.05 billion euro, the equivalent of 2.6 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 1.85 billion euro (4.7 per cent of GDP), but the original amount reported by BNB was 1.34 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 721.3 million euro (compared to 818.5 million euro in the same period of 2012) and re-invested earnings accounted for 123.8 million euro (versus 130.3 million euro in January-October last year).
Receipts from real estate investments by foreign companies totalled 122.7 million euro in January-October 2013, compared to 200 million euro during the same period of last year.
The central bank data showed a 208.6 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, down from 898.3 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-October 2013 came from The Netherlands (646.6 million euro) and Germany (188.8 million euro). The largest net negative flows for the period were towards the UK (an outflow of 92.3 million euro).
According to preliminary figures, Bulgarian investment abroad stood at 93.6 million euro in the first 10 months of 2013, compared to 166.3 million euro in the same period of last year, BNB said.
(Photo: Alessandro Paiva/sxc.hu)