FDI in Bulgaria in January-September 2018 was 826.4M euro

FDI in Bulgaria in January-September 2018 was 826.4M euro
Foreign direct investment in Bulgaria in the first nine months of the year stood at 826.4 million euro, the equivalent of 1.6 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on November 19. In the same period of 2017, FDI was 808.5 million euro, but the original amount reported by BNB last year was 744.2 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, recorded an outflow of 13.2 million euro (compared to an inflow of 135.1 million euro in January-September 2017) and re-invested earnings accounted for 192.9 million euro (up from 28.5 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled 5.4 million euro, compared to 15.6 million euro during the same period of 2017.

The central bank data showed 646.7 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 645 million euro in the first nine 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-September 2018 came from the Netherlands (725.5 million euro), Germany (90.4 million euro) and Belgium (82.7 million euro). Notable net outflows were recorded towards Italy (-103.7 million euro), Ireland (-73.3 million euro) and the United Kingdom (-61.5 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 303.7 million euro in the first nine months of 2018, compared to 286.8 million euro in the same period of last year, BNB said./IBNA

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