FDI in Bulgaria in January-February was 81M euro

FDI in Bulgaria in January-February was 81M euro

Sofia, April 18, 2016/Independent Balkan News Agency

By Clive Leviev-sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first two months of 2016 stood at 81 million euro, the equivalent of 0.2 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on April 18. In the same period of 2015, FDI was 486.4 million euro, but the original amount reported by BNB last year was 128.2 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 30.2 million euro (compared to 31 million euro in January-February 2015) and there were no re-invested earnings reported (versus 143 million euro a year earlier).

Receipts from real estate investments by foreign companies totalled 4.8 million euro, compared to 8.7 million euro during the same period of 2015.

The central bank data showed 50.8 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 312.4 million euro in the first two 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-February 2016 came from Germany (33 million euro) and Switzerland (12.2 million euro). Notable net outflows were recorded towards the UK (-15.4 million euro), Austria (-14.5 million euro) and the Netherlands (-10.1 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 28.9 million euro in the first two months of 2016, compared to an increase of 6.3 million euro in the same period of last year, BNB said.