Foreign direct investment in Bulgaria in the first month of the year stood at 158.8 million euro, the equivalent of 0.3 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed. In January 2017, FDI was 96.5 million euro, but the BNB originally reported an inflow of 54 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 19.9 million euro (compared to 4.7 million euro in January 2017) and there were no re-invested earnings (versus 29.9 million euro a year earlier). Receipts from real estate investments by foreign companies totalled 0.3 million euro, compared to 0.8 million euro in the first month of last year.
The central bank data showed 139 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 61.9 million euro recorded in January 2017. 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 United Kingdom (58.8 million euro) and the Netherlands (20.8 million euro).
According to preliminary figures, Bulgarian investment abroad declined by 2.7 million euro in January, compared to an increase of 14.2 million euro in the first month of the previous year, BNB said…. / IBNA