FDI into Bulgaria Shrinks by Half in Jan-Oct, Y/Y

Business » FINANCE | December 19, 2016, Monday // 15:32| Views: | Comments: 0
  • Send to Kindle
Bulgaria: FDI into Bulgaria Shrinks by Half in Jan-Oct, Y/Y File photo, BGNES

Foreign direct investment (FDI) into Bulgaria dropped by 46.1% year-on-year in the first ten months of 2016, the country's central bank BNB has said, citing preliminary data.

Over that period, FDI decreased by EUR 806.2 M to EUR 942 M. Last year, the respective value was EUR 1.7483 B.

The FDI figure for January-October 2016 was equivalent to 2.1% of GDP forecast for the year by the BNB.

Equity investment by non-residents fell by EUR 668.2 M year-on-year, reaching EUR 302.8 M in January-October.

Real estate investment of non-residents slightly decreased to EUR 53.3 M for the first ten monts of 2016, compared to EUR 52.7 M in the same period of last year. The largest inflow of real estate investment came from Switzerland – EUR  22.7 M (42.6% of the total amount), Russia (EUR 6.4 M, or 12%) and Norway (EUR 6.1 M, or 11.5%), the BNB says [PDF].

Reinvestment of earnings dropped to an estimated EUR 594.2 M for the first half of 2016, compared with EUR 635.7 M a year earlier.

Finance » Be a reporter: Write and send your article
Tags: foreign direct investment, FDI, BNB
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria