Foreign direct investment in Bulgaria in the first three months of the year stood at 317.3 million euro, the equivalent of 0.7 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on May 15. In the same period of 2014, FDI was 346.5 million euro, but the original amount reported by BNB last year was 88.9 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 44.1 million euro (compared to 101.1 million euro in January-March 2014) and re-invested earnings accounted for 40.2 million euro (versus 42.2 million euro in the first quarter of the previous year).
Receipts from real estate investments by foreign companies totalled 9.4 million euro, compared to 26.6 million euro during the same period of 2014.
The central bank data showed 233 million euro in investment inflows as debt instruments, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 203.2 million euro in the first three months of 2014. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in the first quarter of 2015 came from the Netherlands (380.8 million euro) and Belgium (39.1 million euro). The largest outflow during that period was towards Luxembourg (84 million euro).
According to preliminary figures, Bulgarian investment abroad shrank by 5.7 million euro in the first three months of 2015, compared to an increase of 127 million euro in the same period of 2014, BNB said.
(Photo: Sanja Gjenero)