Off the wire
• Berlin Christmas market attacker was known drug dealer  • Alibaba revenue surges 60 pct in 4th fiscal quarter  • Economic Watch: Chinese smart manufacturing on fast track  • 2nd Ld Writethru-China Headlines: China succeeds in mining combustible ice in South China Sea  • Chinese police extradite fugitive from Greece  • Economic Watch: China on fast lane for lowering corporate burden  • China approves projects worth 20 bln USD in April: economic planner  • 21 gang members arrested in Los Angeles crime sweep  • Former senior Jiangsu official sentenced to four years for bribery, illegal foreign exchange purchase  • Feature: Single Chinese mom spends 29 years raising son with cerebral palsy, now he's at Harvard  
You are here: 　 Home

FDI in Bulgaria drops by 359 mln USD in Q1

Xinhua, May 18, 2017 Adjust font size:

Bulgaria's foreign direct investment (FDI) in the first quarter of 2017 dropped year-on-year by 323.2 million euros (some 359.3 million U.S. dollars), preliminary data showed on Thursday.

From January to March 2017, FDI in Bulgaria presented according to the directional principle was negative amounting to 106 million euros, while in the same period of 2016, the figure was positive and amounted to 217.2 million euros, the Bulgarian National Bank (BNB) said.

The largest net direct investment inflow in the country during the three-month period came from Norway, 17.8 million euros, followed by Malta (15 million euros), while the largest FDI outflow went to Belgium (75.6 million euros) and Austria (55.5 million euros), the BNB said.

Meanwhile, real estate investments of non-residents totaled 1.3 million euros, while in January-March 2016 the figure stood at 8.8 million euros, data showed.

In 2016, FDI in Bulgaria amounted to 682.8 million euros, or 59.7 percent less year-on-year. (1 euro = 1.11 U.S. dollars) Enditem