FDI in Bulgaria in January-November 2015 was 1.47B euro

FDI in Bulgaria in January-November 2015 was 1.47B euro

Sofia, January 18, 2016/Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first 11 months of 2015 stood at 1.47 billion euro, the equivalent of 3.3 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on January 18. In the same period of 2014, FDI was 1.21 billion euro, but the original amount reported by BNB last year was 1.22 billion euro, which was revised downward later.

Investment in equity, including in the real estate sector, stood at 988.1 million euro (compared to 482.1 million euro in January-November 2014) and re-invested earnings accounted for 590.6 million euro (versus 153.7 million euro in the first 11 months of 2014).

Receipts from real estate investments by foreign companies totalled 50.4 million euro, compared to 115.1 million euro during the first 11 months of 2014.

The central bank data showed 111.7 million euro in investment outflows as debt instruments, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to an inflow of 580.6 million euro in January-November 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 11 months of last year came from the Netherlands (681 million euro), followed by Germany (187.9 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 19.3 million euro in January-November 2015, compared to 429.4 million euro in the same period of 2014, BNB said.