Foreign Investment in Bulgaria Drops By 34%
In the first five months of 2014 the direct foreign investments in Bulgaria decreased by 33.8%, shows preliminary data of the Bulgarian National Bank (BNB).
Between January and May in Bulgaria's economy were invested EUR 302.6 M, compared to EUR 456.9 M in the same period of 2013.
The volume of money, borrowed by the Bulgarian branches of the multinationals increased to EUR 183.4 M, compared to EUR 65.8 M, year-on-year.
In May 2014 the direct foreign investment in Bulgaria amounted to EUR 8.6 M, while in May 2013 it was EUR 151.8 M.
Largest investors since the beginning of the year are the British Virgin Islands (EUR 110.5 M), the Netherlands (EUR 74.5 M) and Austria (EUR 58.8 M).
- » 10.3 Million Tourists Expected to Visit Bulgaria's Black Sea Coast This Summer
- » Bulgarian PM, EU Council President Discuss Three Major Energy Projects
- » Lines of Trucks Form at Two Bulgaria-Turkey Border Crossings
- » Turkish Airlines Cancel Flights to/from Sofia after Istanbul Airport Terror Attack
- » Bulgaria’s Business Climate Improves in June
- » Bulgaria’s Gross Foreign Debt Reaches EUR 35.4 B at End-April 2016
And even that "FDI" is through tax structuring jurisdictions (BVI and NL.) If you dig deep enough, may find that Bgn money behind some of the "investments". For last while, it has been more of a "last one out, turn out the lights" approach to FDI.