Foreign direct investment in Bulgaria in the first two months of 2018 stood at 204.9 million euro, the equivalent of 0.4 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on April 19. In the same period of 2017, FDI was 353.2 million euro, but the original amount reported by BNB last year was 102.4 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 13.4 million euro (compared to 15.5 million euro in January-February 2017) and there were no re-invested earnings reported (versus 59.3 million euro a year earlier).
Receipts from real estate investments by foreign companies totalled 0.9 million euro, compared to two million euro during the same period of 2017.
The central bank data showed 191.6 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 278.5 million euro in the first two months of 2017. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in January-February 2018 came from the United Kingdom (57.9 million euro) and Germany (44.1 million euro). Notable net outflows were recorded towards Ireland (-19.8 million euro).
According to preliminary figures, Bulgarian investment abroad declined by 12.7 million euro in the first two months of 2018, compared to an increase of 34.8 million euro in the same period of last year, BNB said…. / IBNA