FDI in Bulgaria in January-October 2023 was 3.4B euro

Foreign direct investment in Bulgaria in the first 10 months of the year stood at 3.4 billion euro, the equivalent of 3.6 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on December 19.

In the same period of 2022, FDI was 2.21 billion euro, but the central bank originally reported 1.37 billion euro, which was revised upward later.

Investment in equity, including in the real estate sector, was 450.1 million euro (compared to 425.1 million euro in January-October 2022) and the BNB figures showed 2.84 billion euro in re-invested earnings (compared to 1.5 billion euro for the first 10 months of last year.)

Net receipts from real estate investments by foreign companies recorded a net outflow of 15.5 million euro, including 15.7 million euro towards Russia, compared to an outflow of 24.5 million euro recorded in January-October 2022.

The central bank data showed 108.2 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 290.4 million euro in the first 10 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-October came from the Netherlands (736.8 million euro), Belgium (283.9 million euro) and Switzerland (272.2 million euro). Notable net outflows were recorded towards Israel (-16.9 million euro) and Russia (-16.4 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 439.8 million euro in January-October, compared to 486.7 million euro in the same period of last year, BNB said.

(Photo: Miroslav Sárička/freeimages.com)

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