FDI in Bulgaria in January-July 2019 was EUR 532.7mln

FDI in Bulgaria in January-July 2019 was EUR 532.7mln

Foreign direct investment in Bulgaria in the first seven months of 2019 stood at 532.7 million euro, the equivalent of 0.9 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 19. In the same period of 2018, FDI was 169.5 million euro, but the original amount reported by BNB last year was 219.9 million euro, which was revised downward later.

Investment in equity, including in the real estate sector, showed a net outflow of 333.6 million euro (compared to a net outflow of 9.4 million euro in the first seven months of 2018) and re-invested earnings showed a net outflow of 72.1 million euro (versus an inflow of 26.5 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 3.6 million euro, compared to 12.9 million euro during the same period of 2018.

The central bank data showed 938.4 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 152.4 million euro in January-July 2018. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-July 2019 came from the Netherlands (221 million euro), Germany (188.6 million euro) and the United Kingdom (103.8 million euro). Notable net outflows were recorded towards Italy (-62.5 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 231 million euro in the first seven months of 2019, compared to 130.6 million euro in the same period of last year, BNB said./ibna