FDI in Bulgaria in January-October was 1.37B euro

FDI in Bulgaria in January-October was 1.37B euro

Sofia, December 18, 2015/Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the first 10 months of the year stood at 1.37 billion euro, the equivalent of 3.2 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed. In the same period of 2014, FDI was 997.6 million euro, but the original amount reported by BNB last year was 804.9 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 957.6 million euro (compared to 431.8 million euro in January-October 2014) and re-invested earnings accounted for 590.6 million euro (versus 140.3 million euro in the first 10 months of last year).

Receipts from real estate investments by foreign companies totalled 49.1 million euro, compared to 108.4 million euro during the same period of 2014.

The central bank data showed 176.7 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 425.5 million euro in the first 10 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-October came from the Netherlands (766.2 million euro), dwarfing second-placed Switzerland (113.3 million euro).

According to preliminary figures, Bulgarian investment abroad shrank by 27.2 million euro in January-October, compared to an increase of 459 million euro in the same period of 2014, BNB said.