FDI in Bulgaria in January-April 2023 was 1.85B euro

Foreign direct investment in Bulgaria in the first four months of the year stood at 1.85 billion euro, the equivalent of 2.1 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on June 16.

In the same period of 2022, FDI was 1.13 billion euro, but the BNB originally reported 653.2 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, was 250.4 million euro (compared to 169.4 million euro in the first four months of 2022) and the BNB figures showed 846.6 million euro in re-invested earnings (compared to 899.1 million euro for the first four months of last year.)

Net receipts from real estate investments by foreign companies totalled 0.03 million euro, compared to an outflow of 6.4 million euro recorded in January-April 2022.

The central bank data showed 757.7 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 147.1 million euro in the first four months of 2022. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in the first four months of the year came from the Netherlands (543.9 million euro), Greece (313.6 million euro) and Italy (102.3 million euro). Notable net outflows were recorded towards Ukraine (-24.3 million euro) and Romania (-12.5 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 148.2 million euro in January-April, compared to 167 million euro in the same period of last year, BNB said.

(Photo: Miroslav Sárička/sxc.hu)

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