FDI in Bulgaria shows outflow of 16.4M euro in January

Foreign direct investment in Bulgaria showed an outflow of 16.4 million euro in the first month of the year, according to data from the Bulgarian National Bank (BNB) released on March 17. In January 2014, Bulgaria attracted 50 million euro (0.1 per cent of gross domestic product) in investment, but the original amount reported by BNB last year was 58.3 million euro, which was revised downward later.

Investment in equity, including in the real estate sector, stood at 7.6 million euro (compared to 2.8 million euro in January 2014) and re-invested earnings accounted for 13.4 million euro (versus 14.1 million euro a year earlier). Receipts from real estate investments by foreign companies totalled 1.4 million euro, compared to 6.4 million euro in the first month of last year.

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(Photo: Miroslav Sárička/sxc.hu)