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FDI in Bulgaria in January-November 2016 was 953.7 mln euro

By   /   19/01/2017  /   Comments Off on FDI in Bulgaria in January-November 2016 was 953.7 mln euro

Foreign direct investment in Bulgaria in the first 11 months of 2016 stood at 953.7 million euro, the equivalent of two per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on January 19. In the same period of 2015, FDI was 1.78 billion euro, but the original amount reported by BNB last year was 1.47 billion euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 297.8 million euro (compared to 983.8 million euro in the first 11 months of 2015) and re-invested earnings accounted for 594.2 million euro (versus 660.5 million euro a year earlier), according to preliminary data.

Net receipts from real estate investments by foreign entities totalled 53.7 million euro, compared to 50.9 million euro during the same period of 2015.

The central bank data showed 61.8 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 136.1 million euro in January-November 2015. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-November 2016 came from the Netherlands (202.1 million euro), Germany (155.1 million euro) and Luxembourg (128.4 million euro), while the largest outflows were recorded towards Cyprus (-104.7 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 77.2 million euro in the first 11 months of 2016, compared to 70.4 million euro in the same period of 2015, BNB said./IBNA

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