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FDI in Bulgaria in January-October 2016 was 942M euro

By   /   16/12/2016  /   Comments Off on FDI in Bulgaria in January-October 2016 was 942M euro

Foreign direct investment in Bulgaria in the first 10 months of 2016 stood at 942 million euro, the equivalent of 2.1 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on December 16. In the same period of 2015, FDI was 1.75 billion euro, but the original amount reported by BNB last year was 1.37 billion euro, which was revised upward later.

Investment in equity, including in the real estate sector, stood at 302.8 million euro (compared to (970.9 million euro in the first 10 months of 2015) and re-invested earnings accounted for 594.2 million euro (versus 635.7 million euro a year earlier), according to preliminary data.

Net receipts from real estate investments by foreign entities totalled 53.3 million euro, compared to 52.7 million euro during the same period of 2015.

The central bank data showed 45.1 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 141.7 million euro in January-September 2015. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

This category recorded a steep drop compared to September, when it was recorded at 378.8 million euro, leading to the decrease in the overall FDI number from 1.27 billion euro at the end of last month to 942 million euro in October.

By country, the largest direct investment in Bulgaria in January-October 2016 came from the Netherlands (194.7 million euro), Germany (137.7 million euro) and Luxembourg (131.8 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 92.5 million euro in the first 10 months of 2016, compared to 57.8 million euro in the same period of last year, BNB said./IBNA

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