Foreign direct investment in Bulgaria in 2016 stood at 682.8 million euro, the equivalent of 1.5 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on February 17. In 2015, FDI was 1.69 billion euro, but the original amount reported by BNB last year was 1.57 billion euro, which was revised upward later.
Investment in equity, including in the real estate sector, stood at 222.3 million euro (compared to 1.1 billion euro in 2015) and re-invested earnings accounted for 638.5 million euro (versus 685.3 million euro a year earlier), according to preliminary data.
Net receipts from real estate investments by foreign entities totalled 54.9 million euro, compared to 72.5 million euro during 2015.
The central bank data showed 177.9 million euro in investment outflows as debt instruments, recorded as the change in the net liabilities of Bulgarian companies towards their foreign investor owners, compared to inflows of 96.3 million euro in 2015. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.
By country, the largest direct investment in Bulgaria in 2016 came from Luxembourg (135.6 million euro), the Netherlands (128.1 million euro) and the UK (118.1 million euro), while the largest outflows were recorded towards Cyprus (-104 million euro).
According to preliminary figures, Bulgarian investment abroad increased by 139.9 million euro in 2016, compared to 96.7 million euro in 2015, BNB said./IBNA