Bulgaria H1 direct investment at 490.7M euro

Bulgaria H1 direct investment at 490.7M euro

 

By Clive Leviev – Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first half of 2014 stood at 490.7 million euro, the equivalent of 1.2 per cent of the gross domestic product (GDP), according to data from the Bulgarian National Bank (BNB).

In the same period of 2013, the figure was 636.4 million euro (1.6 per cent of GDP), but the original amount reported by BNB last year was 711.1 million euro, which was revised downward later.

Investment in equity, including in the real estate sector, stood at 33.9 million euro (compared to 540.4 million euro in January-June 2013) and re-invested earnings accounted for 102.2 million euro (versus 68.7 million euro in the first six months of last year).

Receipts from real estate investments by foreign companies totalled 58.1 million euro, compared to 72.3 million euro during the same period of last year.

The central bank data showed 354.5 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 27.2 million euro in the first six months of 2013. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-June came from the Netherlands (207.4 million euro) and Austria (123.5 million euro). The largest net negative flows for the period were towards Germany (an outflow of 67.8 million euro) and Luxembourg (55.8 million euro).

According to preliminary figures, Bulgarian investment abroad stood at 79.9 million euro in the first six months of this year, compared to 62 million euro in the same period of last year, BNB said.