FDI in Bulgaria in January-February was 128.2M euro

FDI in Bulgaria in January-February was 128.2M euro

Sofia, April 17, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first two months of the year stood at 128.2 million euro, the equivalent of 0.3 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on April 17. In the same period of 2014, FDI was 137.7 million euro, but the original amount reported by BNB last year was 114.1 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 12.9 million euro (compared to 53.9 million euro in January-February 2014) and re-invested earnings accounted for 26.8 million euro (versus 28.2 million euro in the first two months of the previous year).

Receipts from real estate investments by foreign companies totalled 4.5 million euro, compared to 14.7 million euro during the same period of 2014.

The central bank data showed 88.4 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 55.6 million euro in the first two 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-February 2015 came from the Netherlands (46.6 million euro) and UK (15 million euro).

According to preliminary figures, Bulgarian investment abroad shrank by 16.6 million euro in the first two months of 2015, compared to an increase of 108.7 million euro in the same period of 2014, BNB said.