FDI in Bulgaria at 1.18B euro in 2014

FDI in Bulgaria at 1.18B euro in 2014

Sofia, February 17, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in 2014 stood at 1.182 billion euro, the equivalent of 2.8 per cent of the gross domestic product (GDP), according to data from the Bulgarian National Bank (BNB). A year earlier, the figure was 1.275 billion euro (3.1 per cent of GDP), but the original amount reported by BNB last year was 1.229 billion euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 498.4 million euro (compared to 1.079 billion euro in 2013) and re-invested earnings accounted for 169 million euro (versus 103.4 million euro a year earlier). Receipts from real estate investments by foreign companies totalled 118.3 million euro, compared to 151.8 million euro in 2013.

The central bank data showed 514.3 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 92.8 million euro recorded in 2013. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in 2014 came from the Netherlands (746.6 million euro), while the largest net negative flows for the period were towards Germany (an outflow of 338.4 million euro).

According to preliminary figures, Bulgarian investment abroad stood at 185.3 million euro in 2014, compared to 180.8 million euro in the previous year, BNB said.