FDI in Bulgaria in January-August 2019 was 603.5M euro

FDI in Bulgaria in January-August 2019 was 603.5M euro

Foreign direct investment in Bulgaria in the first eight months of the year stood at 603.5 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 2018, FDI was 407.2 million euro, but the original amount reported by BNB last year was 230.5 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, recorded an outflow of 327 million euro (compared to an outflow of 12 million euro in January-August 2018) and re-invested earnings accounted for an outflow of 72.1 million euro (versus and inflow of 120.8 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled 3.4 million euro, compared to 13.5 million euro during the same period of 2018.

The central bank data showed one billion 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 298.4 million euro in the first eight months of 2018. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-August 2019 came from the Netherlands (241.9 million euro), Germany (191.4 million euro) and the United Kingdom (108.6 million euro). Notable net outflows were recorded towards Italy (-61.7 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 235.6 million euro in the first eight months of 2019, compared to 161.9 million euro in the same period of last year, BNB said./ibna