FDI in Bulgaria shows 54.9M euro outflow in January-April 2019

FDI in Bulgaria shows 54.9M euro outflow in January-April 2019

Foreign direct investment in Bulgaria in the first four months of 2019 recorded an outflow of 54.9 million euro, the equivalent of 0.1 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed.

In the same period of 2018, FDI showed a net inflow of 10.7 million euro, but the original amount reported by BNB last year was 113 million euro, which was revised downward later.

Investment in equity, including in the real estate sector, recorded a net outflow of 538 million euro (compared to a net outflow of 212.7 million euro in the first four months of 2018) and and re-invested earnings recorded an outflow of 173.3 million euro (versus an inflow of 80.6 million euro a year earlier).

Receipts from real estate investments by foreign companies totalled 2.2 million euro, compared to 9.4 million euro during the same period of 2018.

The central bank data showed 656.5 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 142.9 million euro in the first four months of last year. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-April 2019 came from the Netherlands (260.2 million euro), United Kingdom (86.5 million euro) and Ireland (65.2 million euro). Notable net outflows were recorded towards Germany (-45 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 154.1 million euro in the first four months of 2019, compared to 62 million euro in the same period of last year, BNB said./ibna