FDI in Bulgaria in January-July 2023 was 2.06B euro

Foreign direct investment in Bulgaria in the first seven months of the year stood at 2.06 billion euro, the equivalent of 2.2 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 19.

In the same period of 2022, FDI was 1.55 billion euro, but the BNB originally reported 924.9 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, was 356.5 million euro (compared to 85.8 million euro in January-July 2022) and the BNB figures showed 1.62 billion euro in re-invested earnings (compared to 1.32 billion euro for the first seven months of last year.)

Net receipts from real estate investments by foreign companies recorded a net outflow of eight million euro, including nine million euro towards Russia, compared to an outflow of 16.3 million euro recorded in January-July 2022.

The central bank data showed 86.1 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 143.6 million euro in the first seven 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 January-July came from the Netherlands (556.9 million euro), Belgium (248.6 million euro) and Germany (216.1 million euro). Notable net outflows were recorded towards Switzerland (-43 million euro) and Italy (-35.8 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 358.9 million euro in January-July, compared to 353.1 million euro in the same period of last year, BNB said.

(Photo: Miroslav Sárička/sxc.hu)

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