Foreign direct investment in Bulgaria in the first month of the year stood at 54 million euro, the equivalent of 0.1 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on March 21. In January 2016, FDI was 28.1 million euro, but the original amount reported by BNB last year was 44.9 million euro, which was revised downward later.
Investment in equity, including in the real estate sector, stood at 0.1 million euro (compared to an outflow of 38 million euro in January 2016) and there were no re-invested earnings (versus 84 million euro a year earlier). Receipts from real estate investments by foreign companies totalled 0.5 million euro, compared to 2.1 million euro in the first month of last year.
The central bank data showed 54 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to an outflow of 18.3 million euro recorded in January 2016. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
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(Photo: Gilles Letar)