FDI in Bulgaria in January-September was 1.1B euro

FDI in Bulgaria in January-September was 1.1B euro

Sofia, November 16, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria in the nine months of the year stood at 1.1 billion euro, the equivalent of 2.6 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed. In the same period of 2014, FDI was 872 million euro, but the original amount reported by BNB last year was 1.16 billion euro, which was revised downward later.

Investment in equity, including in the real estate sector, stood at 1.03 billion euro (compared to 396.8 million euro in January-September 2014) and re-invested earnings accounted for 120.7 million euro (versus 126.9 million euro in the first nine months of last year).

Receipts from real estate investments by foreign companies totalled 33 million euro, compared to 100.8 million euro during the same period of 2014.

The central bank data showed 50.9 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 348.4 million euro in the first nine 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-September came from the Netherlands (1.59 billion euro), while the largest outflows were towards Germany (437.5 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 76.6 million euro in January-September, compared to an increase of 528.4 million euro in the same period of 2014, BNB said.