Sofia, January 19, 2015/ Independent Balkan News Agency
By Clive Leviev-Sawyer of the Sofia Globe
Foreign direct investment in Bulgaria in the first 11 months of 2014 stood at 1.224 billion euro, the equivalent of three per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed. In the same period of 2013, FDI was 1.55 billion euro (3.8 per cent of GDP), but the original amount reported by BNB last year was 1.226 billion euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 441.8 million euro (compared to 861.1 million euro in January-November 2013) and re-invested earnings accounted for 157.4 million euro (versus 93.4 million euro in the first 11 months of the previous year).
Receipts from real estate investments by foreign companies totalled 112 million euro, compared to 139 million euro during the same period of 2013.
The central bank data showed 624.9 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 590.6 million euro in the first 11 months of 2013. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in January-November 2014 came from the Netherlands (660.6 million euro) and Austria (231.4 million euro). The largest net negative flows for the period were towards Germany (an outflow of 211.7 million euro).
According to preliminary figures, Bulgarian investment abroad stood at 150.6 million euro in the first 11 months of 2014, compared to 148.3 million euro in the same period of 2013, BNB said.