Foreign direct investment in Bulgaria in the first eight months of the year stood at 516.4 million euro, the equivalent of one per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on October 18. In the same period of 2016, FDI was 1.12 billion euro.
Investment in equity, including in the real estate sector, stood at 21.8 million euro (compared to 561.9 million euro in January-August 2016, but swinging into positive territory compared to an outflow of 17.8 million euro in the first seven months of 2017) and re-invested earnings accounted for an outflow of 10.5 million euro (versus an inflow of 258.6 million euro a year earlier), according to preliminary data.
Receipts from real estate investments by foreign companies totalled seven million euro, compared to 57.6 million euro during the same period of 2016.
The central bank data showed 505.1 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 304.2 million euro in the first eight months of 2016. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in January-August 2017 came from the Netherlands (435.8 million euro) and Switzerland (74.2 million euro). Notable net outflows were recorded towards Austria (-100.6 million euro) and Italy (-58 million euro).
According to preliminary figures, Bulgarian investment abroad increased by 115.8 million euro in the first eight months of 2017, compared to 162.7 million euro in the same period of last year, BNB said./IBNA