Foreign Investment in Bulgaria Decreases Dramatically - Report

Business » FINANCE | March 13, 2009, Friday // 16:20
Bulgaria Foreign Investment in Bulgaria Decreased Dramatically - Report: Foreign Investment in Bulgaria Decreases Dramatically - Report

Direct foreign investments in January 2009 have decreased by 37% compared to January 2009, falling to EUR 206,2 M (0,6% of GDP), preliminary reports showed.

In January 2008 the foreign investments were 1% of GDP or EUR 168 M.

The real estate sector suffers the most with a 66% decrease. In January 2008, the investments in the sector were EUR 104,2 M, and in January 2009 they were EUR 35.1 M.

The attracted joint stock for January 2009 has gone down by EUR 104,2 M, compared to the joint capital during the same period in 2008, which was EUR 163 M.

The net other capital (the difference between the net debt of companies with international capital and the direct foreign investments on financial, obligation, and trade credits) for January 2009 is positive. It is EUR 112,5 M, and in January 2008 it was EUR 124,2 M.

Biggest investments in January 2009 came from the UK (51% of the foreign investment in Bulgaria), followed by Switzerland (10,1%), and Hungary(5,8%).

 

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Tags: investment, foreign, Britain

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