FDI in Bulgaria in January-August 2021 was 797.1M euro

Foreign direct investment in Bulgaria in the first eight months of 2021 stood at 797.1 million euro, the equivalent of 1.2 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on October 19.

In the same period of 2020, FDI was 2.02 billion euro, but the original amount reported by BNB last year was 365.9 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, showed an outflow of 8.8 million euro (compared to an inflow of 215.2 million euro in January-August 2020) and re-invested earnings amounted to 1.1 billion euro, compared to 742.1 million euro in the same period of last year.

Net receipts from real estate investments by foreign companies recorded an outflow of 3.7 million euro in the first eight months of 2021, compared to an outflow of 0.1 million euro during the same period of last year.

The central bank data showed 294.4 million euro in investment outflows as debt instruments, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to inflows of 1.07 billion euro in the first eight months of 2020. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-August 2021 came from Luxembourg (472.7 million euro), the Netherlands (296.7 million euro) and Germany (123.2 million euro). Notable net outflows were recorded towards the Czech Republic (-238.4 million euro) and Switzerland (-159.8 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 43.3 million euro in January-August, compared to 109 million euro in the same period of last year, BNB said.

Please support independent journalism by clicking on the orange button below. For as little as three euro a month or the equivalent in other currencies, you can support The Sofia Globe via patreon.com and get access to exclusive subscriber-only content:

Become a Patron!



The Sofia Globe staff

The Sofia Globe - the Sofia-based fully independent English-language news and features website, covering Bulgaria, the Balkans and the EU. Sign up to subscribe to sofiaglobe.com's daily bulletin through the form on our homepage. https://www.patreon.com/user?u=32709292