FDI in Bulgaria in January-July 2018 was 219.9M euro

FDI in Bulgaria in January-July 2018 was 219.9M euro
Foreign direct investment in Bulgaria in the first seven months of 2018 stood at 219.9 million euro, the equivalent of 0.4 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 19. In the same period of 2017, FDI was 594.6 million euro, but the original amount reported by BNB last year was 431.8 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, showed an outflow of 26.2 million euro (compared to an inflow of 183.5 million euro in the first seven months of 2017) and re-invested earnings accounted for an outflow of 18 million euro (lower than the outflow of 97.5 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies in the first seven months of the year totalled 4.2 million euro, compared to 10.5 million euro during the same period of 2017.

The central bank data showed 264.1 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 508.6 million euro in January-July 2017. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-July 2018 came from the Netherlands (221.4 million euro), Russia (157.9 million euro) and Germany (80.5 million euro). Notable net outflows were recorded towards Italy (-164.6 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 278.9 million euro in the first seven months of 2018, compared to 167.3 million euro in the same period of last year, BNB said./IBNA

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