FDI in Bulgaria shows outflow of 16.4M euro in January

FDI in Bulgaria shows outflow of 16.4M euro in January

Sofia, March 17, 2015/ Independent Balkan News Agency

By Clive Leviev-Sawyer of The Sofia Globe

Foreign direct investment in Bulgaria showed an outflow of 16.4 million euro in the first month of the year, according to data from the Bulgarian National Bank (BNB) released on March 17. In January 2014, Bulgaria attracted 50 million euro (0.1 per cent of gross domestic product) in investment, but the original amount reported by BNB last year was 58.3 million euro, which was revised downward later.

Investment in equity, including in the real estate sector, stood at 7.6 million euro (compared to 2.8 million euro in January 2014) and re-invested earnings accounted for 13.4 million euro (versus 14.1 million euro a year earlier). Receipts from real estate investments by foreign companies totalled 1.4 million euro, compared to 6.4 million euro in the first month of last year.

The central bank data showed 37.4 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to a positive balance of 33.1 million euro recorded in January 2014. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January came from the Netherlands (16.5 million euro) and Belgium (15 million euro), while the bulk of the net negative flows for the period were towards Luxembourg (an outflow of 87.7 million euro).

According to preliminary figures, Bulgarian investment abroad stood at 3.1 million euro in January, compared to 25.2 million euro in the first month of the previous year, BNB said.