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FDI in Bulgaria in January-May 2017 was 119.8M euro

FDI in Bulgaria in January-May 2017 was 119.8M euro
Foreign direct investment in Bulgaria in the first five months of 2017 stood at 119.8 million euro, the equivalent of 0.2 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on July 18. In the same period of 2016, FDI was 525.7 million euro, but the original amount reported by BNB last year was 517.3 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, showed an outflow of 120.8 million euro (compared to an inflow of 118 million euro in the first five months of 2016) and re-invested earnings accounted for 202.2 million euro (versus 294.9 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled a net 2.3 million euro, compared to 28.3 million euro during the same period of 2016.

The central bank data showed 38.4 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 112.9 million euro in the first five months of 2016. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-May 2017 came from the Netherlands (147.3 million euro) and Switzerland (101.3 million euro). Notable net outflows were recorded towards Hungary (-86.3 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 86.5 million euro in the first five months of 2017, compared to 22.1 million euro in the same period of last year, BNB said."/IBNA

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