FDI in Bulgaria in January-September was EUR 1.1bn

FDI in Bulgaria in January-September was EUR 1.1bn

 

By Clive Leviev-Sawyer of the Sofia Globe

Foreign direct investment in Bulgaria in the first nine months of 2014 stood at 1.1 billion euro, the equivalent of 2.7 per cent of the gross domestic product (GDP), the Bulgarian National Bank (BNB) said on November 17.

In the same period of 2013, the figure was 1.16 billion euro (2.8 per cent of GDP), but the original amount reported by BNB last year was 854.4 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 259.4 million euro (compared to 765.7 million euro in January-September 2013) and re-invested earnings accounted for 124.4 million euro (versus 73.3 million euro in the first nine months of last year).

Receipts from real estate investments by foreign companies totalled 83.1 million euro, compared to 118.9 million euro during the same period of last year.

The central bank data showed 721.8 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 321.7 million euro in the first nine 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-September came from the Netherlands (284.2 million euro) and Austria (281.9 million euro). The largest net negative flows for the period were towards Luxembourg (an outflow of 19.6 million euro).

According to preliminary figures, Bulgarian investment abroad stood at 243.2 million euro in the first nine months of this year, compared to 266.1 million euro in the same period of last year, BNB said.