Foreign direct investment in Bulgaria in 2017 stood at 901.9 million euro, the equivalent of 1.8 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on February 19. In 2016, FDI was 660 million euro, but the original amount reported by BNB last year was 682.8 million euro, which was revised downward later.
Investment in equity, including in the real estate sector, stood at 189.4 million euro (compared to 632.6 million euro in 2016) and re-invested earnings accounted for 229.8 million euro (versus 341.2 million euro a year earlier), according to preliminary data.
Net receipts from real estate investments by foreign entities totalled 10.8 million euro, compared to 63.1 million euro in 2016.
The central bank data showed 482.7 million euro in investment inflows as debt instruments, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to outflows of 313.8 million euro in 2016. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in 2017 came from the Netherlands (875.7 million euro), Switzerland (126.6 million euro) and Germany (94 million euro), while the largest outflows were recorded towards the Czech Republic (-300.4 million euro) and Austria (-143.3 million euro).
According to preliminary figures, Bulgarian investment abroad increased by 275.6 million euro in 2017, compared to 320.2 million euro in 2016, BNB said./IBNA