Bulgaria Q1 2016 FDI was 371.3M euro

Bulgaria Q1 2016 FDI was 371.3M euro

Sofia, May 18, 2016/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first three months of 2016 stood at 371.3 million euro, the equivalent of 0.8 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on May 18. In the same period of 2015, FDI was 586 million euro, but the original amount reported by BNB last year was 317.3 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 144.5 million euro (compared to (95.2 million euro in Q1 2015) and re-invested earnings accounted for 139 million euro (versus 214.6 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled 9.3 million euro, compared to 15.8 million euro during the same period of 2015.

The central bank data showed 87.8 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 276.3 million euro in the first three 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-March 2016 came from the Netherlands (232.9 million euro) and Germany (109 million euro). Notable net outflows were recorded towards Hungary (-118.5 million euro) and Cyprus (-67.1 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 20 million euro in the first three months of 2016, compared to an increase of 26.6 million euro in the same period of last year, BNB said.