Foreign Direct Investment in Bulgaria Down 6.9% Y/Y in Jan-Feb 2015

Business » FINANCE | April 17, 2015, Friday // 16:00
Bulgaria: Foreign Direct Investment in Bulgaria Down 6.9% Y/Y in Jan-Feb 2015 Bulgarian National Bank headquarters, photo by BGNES

Foreign direct investment in Bulgaria amounted to EUR 128.2 million (0.3% of GDP) in January – February 2015, down by EUR 9.5 million (6.9%) from January – February 2014 (EUR 137.7 million, 0.3% of GDP), according to preliminary data of the Bulgarian National Bank (BNB).

In February 2015 foreign direct investment in the country grew by EUR 53.9 million, compared with an increase of EUR 94.7 million in February 2014.

Equity (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) amounted to EUR 12.9 million in January – February 2015, down by EUR 41 million in comparison with that attracted in the same period of 2014 (EUR 53.9 million).

The receipts from real estate investments of non-residents amounted to EUR 4.5 million, compared with EUR 14.7 million attracted in January 2014.

Based on preliminary data on profit/loss, reinvestment of earnings (the share of non-residents in the undistributed earnings/ loss of the enterprise) were estimated at EUR 26.8 million for January – February 2015, compared with EUR 28.2 million in the same period of 2014.

The net debt instruments (the change in the net liabilities between affiliated enterprises on financial loans, suppliers’ credits and debt securities) totaled EUR 88.4 million in January – February 2015, compared with EUR 55.6 million in January – February 20146.

By country, the largest net direct investment inflow in Bulgaria for January – February 2015 was from the Netherlands (EUR 46.6 million).

According to preliminary data, direct investment abroad decreased by EUR 16.6 million in January – February 2015, compared with an increase of EUR 108.7 million in January – February 2014. In February 2015 it grew by EUR 9.4 million, compared with an increase of EUR 5.7 million in February 2014.

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Tags: Bulgarian National Bank, BNB, foreign direct investment, direct investment abroad

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