FDI in Bulgaria in 2018 was EUR 1.53 bn

FDI in Bulgaria in 2018 was EUR 1.53 bn

Foreign direct investment in Bulgaria in 2018 stood at 1.53 billion euro, the equivalent of 2.8 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on February 19. In 2017, FDI was 1.39 million euro, but the original amount reported by BNB last year was 901.9 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 565.5 million euro (compared to 187.5 million euro in 2017) and re-invested earnings accounted for 264 million euro (versus 128.9 million euro a year earlier), according to preliminary data.

Net receipts from real estate investments by foreign entities totalled 7.9 million euro, compared to 19.5 million euro in 2017.

The central bank data showed 703.3 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 1.07 billion euro in 2017. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in 2018 came from the Netherlands (1.09 billion euro), Germany (153.7 million euro) and Belgium (94.3 million euro), while the largest outflows were recorded towards Luxembourg (-167.8 million euro), the Czech Republic (-90.4 million euro) and Italy (-66.1 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 310.3 million euro in 2018, compared to 310.7 million euro in 2017, BNB said./IBNA