FDI in Bulgaria in 2022 was 2.25B euro – central bank data
Foreign direct investment in Bulgaria in 2022 stood at 2.25 billion euro, the equivalent of 2.7 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on February 16.
In 2021, FDI was 1.21 billion euro, but the original amount reported by BNB last year was 1.04 billion euro, which was revised upward later.
Investment in equity, including in the real estate sector, recorded an inflow of 461.2 million euro (compared to an outflow of 52.8 million euro in 2021) and re-invested earnings amounted to 1.31 billion euro (down from 1.85 billion euro a year earlier), according to preliminary data.
Net receipts from real estate investments by foreign companies showed an outflow of 20.7 million euro, compared to an outflow of 12 million euro in 2021. BNB noted that there was a net outflow of 19.4 million euro of real estate investment towards Russia.
The central bank data showed 469.5 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 net outflows of 591.9 million euro a year earlier. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in 2022 came from Switzerland (483.2 million euro), Cyprus ((383.9 million euro) and Austria (380.2 million euro). Notable net outflows were recorded towards the Netherlands (-177.9 million euro) and the UK (-177.9 million euro).
According to preliminary figures, Bulgarian investment abroad increased by 357.5 million euro in 2022, compared to 217.9 million euro in 2021, 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:
