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FDI in Bulgaria drops by nearly half in Jan-Oct period

Xinhua, December 16, 2016 Adjust font size:

Foreign direct investment (FDI) in Bulgaria dropped by 46.1 percent year-on-year in the first ten months of of 2016, the preliminary data of the Bulgarian National Bank (BNB) showed on Friday.

From January to October 2016, FDI in Bulgaria presented according to the directional principle amounted to 942 million euros (981.5 million U.S. dollars) or 2.1 percent of gross domestic product, while in the same period of 2015, the figures were 1.748 billion euros and 3.9 percent of GDP.

The largest net direct investment inflow in the country from January to October 2016 came from the Netherlands, 194.7 million euros, followed by Germany (137.7 million euros) and Luxembourg (131.8 million euros), the BNB said.

Equity amounted to 302.8 million euros during the period, while in the first ten months of 2015, it stood at 970.9 million euros, the BNB said.

Meanwhile, real estate investments of non-residents totaled 53.3 million euros, compared with 52.7 million euros attracted in January-October 2015, the data showed.

Reinvestment of earnings was estimated at 594.2 million euros for January-October 2016, compared with 635.7 million euros in the same period of 2015, while the figures for the net debt instruments were 45.1 million euros and 141.7 million euros respectively. (1 euro = 1.04 U.S. dollars) Endit