FDI in Bulgaria in H1 2016 was 778.4M euro

FDI in Bulgaria in H1 2016 was 778.4M euro

Sofia, August 17, 2016/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first half of 2016 stood at 778.4 million euro, the equivalent of 1.7 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on August 17. In the same period of 2015, FDI was 957.9 million euro, but the original amount reported by BNB last year was 799.6 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 168.3 million euro (compared to 63.1 million euro in the first six months of 2015) and re-invested earnings accounted for 376.4 million euro (versus 448.8 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled 26.1 million euro, compared to 36.5 million euro during the same period of 2015.

The central bank data showed 233.7 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 446 million euro in the first six 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-June 2016 came from the Netherlands (189.8 million euro) and Luxembourg (133.6 million euro). Notable net outflows were recorded towards Hungary (-76.2 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 101.8 million euro in the first six months of 2016, compared to a decrease of 6.9 million euro in the same period of last year, BNB said.