FDI in Bulgaria in January-November 2020 was 843.9M euro

Foreign direct investment in Bulgaria in the first 11 months of last year stood at 843.9 million euro, the equivalent of 1.4 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on January 19.

In the same period of 2019, FDI was 1.23 billion euro, but the original amount reported by BNB in January 2020 was 989.2 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, showed an outflow of 1.01 billion euro (compared to an outflow of 433.6 million euro in January-November 2019) and re-invested earnings were 543.8 million euro, compared to 731.2 million euro in the same period of 2019.

Net receipts from real estate investments by foreign companies showed an outflow of 0.2 million euro in the first 11 months of 2020, compared to an inflow of 4.9 million euro during the same period of 2019.

The central bank data showed 1.31 billion 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 927.4 million euro in the first 11 months of 2019. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-November 2020 came from the Netherlands (491.9 million euro), Austria (229.5 million euro) and Germany (141.1 million euro). Notable net outflows were recorded towards Switzerland (-102.6 million euro) and the British Virgin Islands (-101.1 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 100.7 million euro in January-November, compared to 415.1 million euro in the same period of 2019, BNB said.

(Illustration: svilen001/sxc.hu)

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