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FDI in Bulgaria in January-April was 429.1M euro

FDI in Bulgaria in January-April was 429.1M euro
Sofia, June 17, 2016/Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first four months of 2016 stood at 429.1 million euro, the equivalent of 0.9 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on June 17. In the same period of 2015, FDI was 782.2 million euro, but the original amount reported by BNB last year was 523.5 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 165.6 million euro (compared to 119.6 million euro in the first four months of 2015) and re-invested earnings accounted for 139 million euro (versus 292.6 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled 13.3 million euro, compared to 24 million euro during the same period of 2015.

The central bank data showed 124.5 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 370 million euro in the first four months of 2015. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-April 2016 came from the Netherlands (269 million euro) and Germany (99.2 million euro). Notable net outflows were recorded towards Hungary (-121.3 million euro) and Cyprus (-62.8 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 17.3 million euro in the first four months of 2016, compared to a decrease of 16.1 million euro in the same period of last year, BNB said.

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