FDI in Bulgaria in January-October 2021 was 1.14B euro
Foreign direct investment in Bulgaria in the first 10 months of 2021 stood at 1.14 billion euro, the equivalent of 1.7 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on December 17.
In the same period of 2020, FDI was 2.32 billion euro, but the original amount reported by BNB last year was 665.8 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, recorded an outflow of 38.4 million euro (compared to an inflow of 164.3 million euro in January-October 2020) and re-invested earnings amounted to 1.3 billion euro, compared to 782.3 million euro in the same period of last year.
Net receipts from real estate investments by foreign companies recorded an outflow of 7.4 million euro in the first 10 months of 2021, compared to an outflow of 0.1 million euro during the same period of last year.
The central bank data showed 121.9 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 1.38 billion euro in the first 10 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-October 2021 came from Luxembourg (364.5 million euro), Germany (290.4 million euro) and Belgium (167.3 million euro). Notable net outflows were recorded towards Russia (-244.2 million euro) and Switzerland (-79.7 million euro).
According to preliminary figures, Bulgarian investment abroad increased by 165 million euro in January-October, compared to 167.2 million euro in the same period of last year, BNB said.
(Photo: Miroslav Sárička/freeimages.com)
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