FDI in Bulgaria in 2015 was 1.58B euro

FDI in Bulgaria in 2015 was 1.58B euro

Sofia, February 17, 2016/Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in 2015 stood at 1.58 billion euro, the equivalent of 3.5 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on February 17. A year earlier, FDI was 1.29 billion euro, but the original amount reported by BNB last year was 1.18 billion euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 1.13 billion euro (compared to 577.2 million euro in 2014) and re-invested earnings accounted for 644.1 million euro (versus 167.1 million euro the previous year).

Receipts from real estate investments by foreign companies totalled 72.5 million euro, compared to 119.9 million euro during in 2014.

The central bank data showed 202.5 million euro in investment outflows as debt instruments, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to an inflow of 541 million euro in 2014. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in 2015 came from the Netherlands (696.9 million euro), followed by Germany (181.9 million euro), Switzerland (114.1 million euro) and Norway (111.5 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 64.9 million euro in 2015, compared to 449.4 million euro in 2014, BNB said.