FDI in Bulgaria in January-April was 523.5M euro

FDI in Bulgaria in January-April was 523.5M euro

Sofia, June 17, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first four months of the year stood at 523.5 million euro, the equivalent of 1.2 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on June 17. In the same period of 2014, FDI was 426.6 million euro, but the original amount reported by BNB last year was 218.5 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 61.8 million euro (compared to 89.4 million euro in January-April 2014) and re-invested earnings accounted for 53.7 million euro (versus 55.3 million euro in the first four months of last year).

Receipts from real estate investments by foreign companies totalled 17 million euro, compared to 38.6 million euro during the same period of 2014.

The central bank data showed 408 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 281.9 million euro in the first four months of 2014. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in the first four months of 2015 came from the Netherlands (464.8 million euro) and Belgium (53.4 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 31.2 million euro in January-April, compared to an increase of 192.3 million euro in the same period of 2014, BNB said.