By Clive Leviev-Sawyer of the Sofia Globe
Foreign direct investment in Bulgaria in the first four months of 2014 stood at 218.5 million euro, the equivalent of 0.5 per cent of the gross domestic product (GDP), according to data from the Bulgarian National Bank (BNB).
In the same period of 2013, the figure was 305.1 million euro (0.8 per cent of GDP), but the original amount reported by BNB last year was 408.5 million euro, which was revised downward later.
Investment in equity, including in the real estate sector, stood at 33.1 million euro (compared to 227.1 million euro in January-April 2013) and re-invested earnings accounted for 76.5 million euro (versus 50 million euro in the first four months of last year).
Receipts from real estate investments by foreign companies totalled 37 million euro, compared to 37.8 million euro during the same period of last year.
The central bank data showed a 108.9 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to an outflow of five million euro in the first four months of 2013. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in January-April came from the Netherlands (62.4 million euro) and Austria (50.5 million euro). The largest net negative flows for the period were towards Switzerland (an outflow of 12.1 million euro).
According to preliminary figures, Bulgarian investment abroad stood at 37.9 million euro in the first four months of this year, compared to 27.3 million euro in the same period of last year, BNB said.