FDI in Bulgaria in January 2023 was 147.5M euro

Foreign direct investment in Bulgaria in the first month of the year stood at 147.5 million euro, the equivalent of 0.2 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on March 20.

In January 2022, FDI was 627 million euro, but the BNB originally reported 188.4 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, was 19.6 million euro (compared to 47 million euro in January 2022) and the BNB figures showed 15.2 million euro in re-invested earnings (compared to 401 million euro for the first month of last year.)

Net receipts from real estate investments by foreign companies totalled 0.3 million euro, compared to an outflow of 0.1 million euro recorded in January 2022.

The central bank data showed 112.7 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 179 million euro in the first month of 2022. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January 2023 came from Luxembourg (115.3 million euro), Netherlands (21.1 million euro) and Belgium (17.3 million euro). Notable net outflows were recorded towards Ireland (-21.2 million euro) and Switzerland (-7.4 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 19.9 million euro in January, compared to 46.7 million euro in the same month 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:

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