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FDI in Bulgaria in January-July 2017 was 431.8M euro

FDI in Bulgaria in January-July 2017 was 431.8M euro
Foreign direct investment in Bulgaria in the first seven months of 2017 stood at 431.8 million euro, the equivalent of 0.9 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on September 19. In the same period of 2016, FDI was 966.6 million euro, but the original amount reported by BNB last year was 987.3 million euro, which was revised downward later.

Investment in equity, including in the real estate sector, showed an outflow of 17.8 million euro (compared to an inflow of 380 million euro in the first seven months of 2016, but lower than the outflow of 123.9 million euro in the first half of this year) and re-invested earnings accounted for an outflow of 10.5 million euro (versus an inflow of 310.3 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies in the first seven months of the year totalled 5.6 million euro, compared to 54.4 million euro during the same period of 2016.

The central bank data showed 460 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 276.4 million euro in January-July 2016. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-July 2017 came from the Netherlands (392.1 million euro) and Switzerland (71.3 million euro). Notable net outflows were recorded towards Austria (-119.9 million euro) and Belgium (-101.5 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 113.5 million euro in the first seven months of 2017, compared to 94.6 million euro in the same period of last year, BNB said./IBNA

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