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FDI in Bulgaria in January-July 2016 was 987.3M euro

FDI in Bulgaria in January-July 2016 was 987.3M euro
Sofia, September 16, 2016/Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first seven months of 2016 stood at 987.3 million euro, the equivalent of 2.2 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 16. In the same period of 2015, FDI was 1.16 billion euro, but the original amount reported by BNB last year was 907.3 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 210.8 million euro (compared to 1.01 billion euro in the first seven months of 2015) and re-invested earnings accounted for 376.4 million euro (versus 502 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled 51.6 million euro, compared to 59 million euro during the same period of 2015.

The central bank data showed 400.1 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 an outflow of 358.5 million euro in January-July 2015. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-July 2016 came from the Netherlands (199.1 million euro) and Luxembourg (145.1 million euro). Notable net outflows were recorded towards Hungary (-73.3 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 108.4 million euro in the first seven months of 2016, compared to 12.1 million euro in the same period of last year, BNB said.

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