Foreign direct investment in Bulgaria in the first two months of 2014 stood at 114.1 million euro, the equivalent of 0.3 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 223.3 million euro (0.6 per cent of GDP), but the original amount reported by BNB last year was 40.3 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 42.3 million euro (compared to 194.2 million euro in January-February 2013) and re-invested earnings accounted for 24.6 million euro (versus 27 million euro in the first two months of last year).
Receipts from real estate investments by foreign companies totalled 12.3 million euro, compared to 17.5 million euro during the same period of last year.
The central bank data showed a 47.2 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to an inflow of 2.1 million euro in January-February 2013. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in January-February came from the Netherlands (48.7 million euro) and the British Virgin Islands (18.6 million euro). The largest net negative flows for the period were towards France (an outflow of 6.5 million euro).
According to preliminary figures, Bulgarian investment abroad stood at 14.8 million euro in the first two months of this year, compared to 9.7 million euro in the same period of last year, BNB said.
(Photo: Michael Faes/sxc.hu)