FDI in Bulgaria in January-May 2018 was 120.5M euro

FDI in Bulgaria in January-May 2018 was 120.5M euro

Foreign direct investment in Bulgaria in the first five months of 2018 stood at 120.5 million euro, the equivalent of 0.2 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on July 19. In the same period of 2017, FDI was 291.4 million euro, but the original amount reported by BNB last year was 119.8 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, showed an outflow of 157 million euro (compared to an inflow of 43.2 million euro in the first five months of 2017) and re-invested earnings accounted for 19.1 million euro (versus 28.7 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled a net 2.2 million euro, compared to 5.1 million euro during the same period of 2017.

The central bank data showed 258.4 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 219.5 million euro in the first five 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-May 2018 came from the Netherlands (157.5 million euro), Germany (123.8 million euro) and Russia (115.9 million euro). Notable net outflows were recorded towards Switzerland (-100.6 million euro), Hungary (-96.4 million euro) and Italy (-86 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 74.2 million euro in the first five months of 2018, compared to 66.6 million euro in the same period of last year, BNB said.... / IBNA

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