Foreign direct investment in Bulgaria in the first five months of 2014 stood at 302.6 million euro, the equivalent of 0.7 per cent of the gross domestic product (GDP), according to data from the Bulgarian National Bank (BNB).
In the same period of 2013, the figure was 456.9 million euro (1.1 per cent of GDP), but the original amount reported by BNB last year was 505.4 million euro, which was revised downward later.
Investment in equity, including in the real estate sector, stood at 23.5 million euro (compared to 331.8 million euro in January-May 2013) and re-invested earnings accounted for 95.8 million euro (versus 59.4 million euro in the first five months of last year).
Receipts from real estate investments by foreign companies totalled 45.8 million euro, compared to 56.9 million euro during the same period of last year.
The central bank data showed 183.4 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 65.8 million euro in the first five months of 2013. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in January-May came from the British Virgin Islands (110.5 million euro) and the Netherlands (74.5 million euro). The largest net negative flows for the period were towards France (an outflow of 46.4 million euro) and Luxembourg (45.3 million euro).
According to preliminary figures, Bulgarian investment abroad stood at 70.6 million euro in the first five months of this year, compared to 50.4 million euro in the same period of last year, BNB said.
(Photo: Sanja Gjenero)