Foreign direct investment in Bulgaria in the first 10 months of 2014 was 804.9 million euro, the equivalent of two per cent of gross domestic product (GDP), Bulgarian National Bank (BNB) said on December 15. In the same period of 2013, FDI was 1.31 billion euro (3.2 per cent of GDP), but the original amount reported by BNB last year was 1.05 billion euro, which was revised upward later.
The FDI statistics showed a marked decline in October, given that the central bank data showed investment for the first nine months of 2014 was 1.1 billion euro.
The reason was the sharp fall in investment inflows recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners. Such financial flows include financial loans, suppliers’ credits and debt securities, according to BNB’s methodology.
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(Photo: ECB via flickr.com)