FDI in Bulgaria in January-June was 799.6 euro

FDI in Bulgaria in January-June was 799.6 euro

Sofia, August 17, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe 

Foreign direct investment in Bulgaria in the first half of the year stood at 799.6 million euro, the equivalent of 1.9 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on August 17. In the same period of 2014, FDI was 749.9 million euro, but the original amount reported by BNB last year was 490.7 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 169.8 million euro (compared to 105.7 million euro in January-June 2014) and re-invested earnings accounted for 80.5 million euro (versus 81 million euro in the first six months of last year).

Receipts from real estate investments by foreign companies totalled 17.5 million euro, compared to 64.8 million euro during the same period of 2014.

The central bank data showed 549.4 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 563.2 million euro in the first six 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 half of 2015 came from the Netherlands (567.3 million euro) and Austria (99.7 million euro), somewhat offset by outflows of 295.6 million euro to Germany.

According to preliminary figures, Bulgarian investment abroad increased by 72.6 million euro in January-June, compared to an increase of 354.3 million euro in the same period of 2014, BNB said.