FDI in Bulgaria in January-August was 944.3M euro

FDI in Bulgaria in January-August was 944.3M euro

Sofia, October 19, 2015/Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the eight months of the year stood at 944.3 million euro, the equivalent of 2.2 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed. In the same period of 2014, FDI was 1.07 billion euro, but the original amount reported by BNB last year was 1.22 billion euro, which was revised downward later.

Investment in equity, including in the real estate sector, stood at 234.7 million euro (compared to 360.4 million euro in January-August 2014) and re-invested earnings accounted for 107.3 million euro (versus 111.6 million euro in the first eight months of last year).

Receipts from real estate investments by foreign companies totalled 29.1 million euro, compared to 90.6 million euro during the same period of 2014.

The central bank data showed 602.3 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 600.4 million euro in the first eight 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 January-August came from the Netherlands (643.9 million euro) and Austria (151 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 24.2 million euro in January-August, compared to an increase of 498.7 million euro in the same period of 2014, BNB said.