Foreign direct investment in Bulgaria in the first month of the year recorded an outflow of 437.6 million euro, the equivalent of 0.7 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) show. In January-February 2018, FDI was 236.6 million euro, but the BNB originally reported an inflow of 204.9 million euro, which was revised upward later.
Investment in equity, including in the real estate sector, showed an outflow of 574.3 million euro (compared to an outflow of 117.7 million euro in the first two months of 2018) and there were no re-invested earnings (versus 43.4 million euro a year earlier).
Receipts from real estate investments by foreign companies also recorded an outflow, of 0.02 million euro, compared to an inflow of 4.7 million euro in the first two months of last year, BNB said.
The central bank data showed 136.7 million euro in investment inflows, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to 310.8 million euro recorded in January-February 2018. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in January-February came from Ireland (70 million euro), the Netherlands (43.2 million euro) and Luxembourg (33.4 million euro).
According to preliminary figures, Bulgarian investment abroad rose by 30.8 million euro in January-February, compared to an increase of 3.3 million euro in the same period of the previous year, BNB said./ibna