FDI in Bulgaria in January was 44.9M euro

FDI in Bulgaria in January was 44.9M euro

Sofia, March 17, 2016/Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first month of the year stood at 44.9 million euro, the equivalent of 0.1 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on March 17. In January 2015, FDI was 323.4 million euro, but the BNB originally reported an outflow of 16.4 million euro, which was revised later.

Investment in equity, including in the real estate sector, stood at 4.7 million euro (compared to 12.8 million euro in January 2015) and there were no re-invested earnings (versus 71.5 million euro a year earlier). Receipts from real estate investments by foreign companies totalled 2.4 million euro, compared to 2.9 million euro in the first month of last year.

The central bank data showed 40.2 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 239.1 million euro recorded in January 2015. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January came from Germany (14.6 million euro) and the United Kingdom (10.8 million euro), while the largest net negative flow for the period was towards Austria (an outflow of 11.9 million euro).

According to preliminary figures, Bulgarian investment abroad declined by 9.4 million euro in January, compared to a reduction by 4.5 million euro in the first month of the previous year, BNB said.