Foreign direct investment in Bulgaria in the first two months of 2017 stood at 102.4 million euro, the equivalent of 0.2 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on April 20. In the same period of 2016, FDI was 161.7 million euro, but the original amount reported by BNB last year was 81 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 2.6 million euro (compared to an outflow of 71.2 million euro in January-February 2016) and there were no re-invested earnings reported (versus 169.2 million euro a year earlier).
Receipts from real estate investments by foreign companies totalled 0.9 million euro, compared to 4.7 million euro during the same period of 2016.
The central bank data showed 99.7 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 63.6 million euro in the first two 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-February 2017 came from the Netherlands (35 million euro) and Malta (16 million euro). Notable net outflows were recorded towards Austria (-14.9 million euro).
According to preliminary figures, Bulgarian investment abroad declined by 9.4 million euro in the first two months of 2017, compared to an increase of 13.9 million euro in the same period of last year, BNB said./IBNA