Foreign Direct Investment in Bulgaria Down 28.4% Y/Y in Q1, 2014
Foreign direct investment in Bulgaria in April 2014 amounted to EUR 106.6 M, compared to a rate of EUR -67.8 M in April 2013, according to the Bulgarian National Bank(BNB).
In Q1, 2014, foreign direct investment in Bulgaria stood at EUR 218.5 M (0.5% of GDP), compared to EUR 305.1 M (0.8% of GDP) in the same period of 2013, down by EUR 86.6 M (28.4%), according to preliminary data of BNB.
By country, the Netherlands contributed the largest amount of direct investments in Bulgaria in the period January – April 2014, at EUR 62.4 M.
The largest net negative flows for the period were towards Switzerland, at EUR -12.1 M.
The attracted Equity Capital (acquisition/disposal of shares and equities in cash and contributions in kind by non-residents in/from the capital and reserves of Bulgarian enterprises and receipts/payments from/for real estate deals in the country) in the period January - April 2014 amounted to EUR 33.1 M, down by EUR 227.1 M from the amount
attracted in the same period of 2013 (EUR 260.2 M).
The receipts from real estate investments of nonresidents amounted to EUR 37 M, compared to EUR 37.8 M attracted in the period January - April 2013.
The other capital, net (the change in the net liabilities of the direct investment enterprise to the direct investor on financial loans, suppliers' credits and debt securities) was positive, amounting to EUR 108.9 M in the period January - April 2014, compared to a negative other capital, net of EUR -5 M in the period January - April 2013.
Based on preliminary data on profit/loss, the Reinvested Earnings (the share of non-residents in the undistributed earnings/ loss of the enterprise) in the period January - April 2014 were estimated at EUR 76.5 M, against EUR 50 M in the same period of 2013.
According to preliminary data, direct investment abroad increased by EUR 37.9 M in the period January - April 2014, compared to an increase of EUR 27.3 M in the period January - April 2013.
In April 2014, direct investment abroad increased by EUR 7.1 M, compared to an increase of EUR 10.2 M in April 2013.
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