FDI in Bulgaria in January-November 2017 was EUR 883.7 mln

FDI in Bulgaria in January-November 2017 was EUR 883.7 mln
Foreign direct investment in Bulgaria in the first 11 months of 2017 stood at 883.7 million euro, the equivalent of 1.7 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on January 19. In the same period of 2016, FDI was 905.2 million euro.

Investment in equity, including in the real estate sector, stood at 153.9 million euro (compared to 543.1 million euro in January-November 2016) and re-invested earnings accounted for 28 million euro (versus 420.2 million euro a year earlier), according to the preliminary data.

Net receipts from real estate investments by foreign companies totalled 10.8 million euro, compared to 63.1 million euro during the same period of 2016.

The central bank data showed 701.9 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 a net outflow of 58.1 million euro in the first 11 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-November 2017 came from the Netherlands (735.7 million euro), Switzerland (126.7 million euro) and Germany (68.2 million euro). Notable net outflows were recorded towards Austria (-90.3 million euro), Norway (-89.7 million euro) and Belgium (-62.9 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 264.6 million euro in the first 11 months of 2017, compared to 196.7 million euro in the same period of last year, BNB said./IBNA

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