Bulgaria Foreign Investments Plummet by EUR 1,3 B

Business » FINANCE | July 15, 2009, Wednesday // 08:45
Bulgaria Foreign Investments Plummet by EUR 1,3 B: Bulgaria Foreign Investments Plummet by EUR 1,3 B File Photo

The Bulgarian National Bank (BNB) has announced that foreign investments have dropped by EUR 1,3 B or 53,6% year on year for the first five months of 2009.

The BNB figures for up until the end of May 2009 show that foreign investments totaled EUR 1,13 B.

Real Estate investments were affected badly, the sector absorbed EUR 227,5 M from abroad, compared to EUR 577,9 M in the same period of 2008.

By the end of May, Bulgaria's current account deficit reached EUR 1,971 B. This is down 44% year on year.

The foreign trade gap in January-May 2009 was EUR 2 B against EUR 3,348 B in the same period of 2008.

 

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Tags: foreign investments, BNB

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