FDI in Bulgaria in January-October 2018 was 842.2M euro

FDI in Bulgaria in January-October 2018 was 842.2M euro
Foreign direct investment in Bulgaria in the first 10 months of the year stood at 842.2 million euro, the equivalent of 1.6 per cent of the gross domestic product, statistics from the Bulgarian National Bank (BNB) showed on December 18. In the same period of 2017, FDI was 1.07 billion euro, but the original amount reported by BNB last year was 855.5 million euro, which was revised upward later.

Investment in equity, including in the real estate sector, recorded an outflow of 14.6 million euro (compared to an inflow of 155.8 million euro in January-October 2017) and re-invested earnings accounted for 192.9 million euro (up from 62.2 million euro a year earlier), according to preliminary data.

Receipts from real estate investments by foreign companies totalled 6.2 million euro, compared to 16.8 million euro during the same period of 2017.

The central bank data showed 664 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 a 852.9 million euro in the first 10 months of 2017. Such financial flows include financial loans, suppliers’ credits and debt securities, BNB said.

By country, the largest direct investment in Bulgaria in January-October 2018 came from the Netherlands (753.6 million euro), Germany (111.6 million euro) and Belgium (86.2 million euro). Notable net outflows were recorded towards Italy (-94.9 million euro), Ireland (-90.8 million euro) and the Czech Republic (-75.9 million euro).

According to preliminary figures, Bulgarian investment abroad increased by 267.9 million euro in the first 10 months of 2018, compared to 293.3 million euro in the same period of last year, BNB said./IBNA

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