FDI in Bulgaria in January-May was 517.3M euro

FDI in Bulgaria in January-May was 517.3M euro

Sofia, July 15, 2016/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first five months of 2016 stood at 517.3 million euro, the equivalent of 1.1 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on July 15. In the same period of 2015, FDI was 788.7 million euro, but the original amount reported by BNB last year was 616.9 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 179.9 million euro (compared to 7.3 million euro in the first five months of 2015) and re-invested earnings accounted for 139 million euro (versus 370.7 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled 16.5 million euro, compared to 15.5 million euro during the same period of 2015.

The central bank data showed 198.3 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 410.7 million euro in the first five 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-May 2016 came from the Netherlands (108.3 million euro) and Germany (98.2 million euro). Notable net outflows were recorded towards Cyprus (-57.1 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 37.2 million euro in the first five months of 2016, compared to a decrease of 13.5 million euro in the same period of last year, BNB said.