Foreign direct investment in Bulgaria in the first three months of the year stood at 1.06 billion euro, the equivalent of 1.4 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on May 18.
In the same period of 2021, FDI was 244.1 million euro, but the BNB originally reported an outflow of 27.8 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, was 104.1 million euro (compared to an outflow of 175.8 million euro in the first quarter of 2021) and the BNB figures showed 805.6 million euro in re-invested earnings (compared to 638.5 million euro for the first three months of last year.)
Net receipts from real estate investments by foreign companies totalled an outflow of 2.3 million euro, compared to an outflow of 0.3 million euro recorded in January-March 2021.
The central bank data showed 146.1 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 an outflow of 218.6 million euro in the first quarter of 2021. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in the first three months of the year came from the Netherlands (469.4 million euro), Belgium (159.4 million euro) and Austria (115.3 million euro). Notable net outflows were recorded towards Germany (-63.7 million euro) and Greece (-21.4 million euro).
According to preliminary figures, Bulgarian investment abroad increased by 54.9 million euro in the first quarter, compared to 42.2 million euro in the same period of last year, BNB said.
(Photo: Miroslav Sárička/sxc.hu)
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: