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FDI in Bulgaria declines by 18.7 pct in H1

Xinhua, August 17, 2016 Adjust font size:

Foreign direct investment (FDI) in Bulgaria dropped by 18.7 percent year-on-year in the first half of 2016, according to preliminary data published by the Bulgarian National Bank (BNB) on Wednesday.

From January to June 2016, FDI in Bulgaria presented according to the directional principle amounted to 778.4 million euros (some 879.2 million U.S. dollars) or 1.7 percent of gross domestic product, while in the same period of 2015 the figures were 957.9 million euros and 2.2 percent of GDP.

The largest net direct investment inflow in the Balkan country in H1 came from the Netherlands, 189.7 million euros, followed by Luxembourg (133.6 million euros) and Britain (110.8 million euros), data showed.

Equity amounted to 168.3 million euros in H1 of 2016, while in the same period of 2015 it stood at 63.1 million euros, BNB said.

Meanwhile, reinvestment of earnings was estimated at 376.4 million euros and the net debt instruments totaled 233.7 million euros from January-June 2016, compared with 448.8 million euros and 446 million euros in the same period of 2015 respectively, the report said.

Real estate investments of non-residents were 26.1 million euros in H1 of 2016, compared with 36.5 million euros attracted from January-June 2015, BNB added. Endit