Bulgaria's FDI Crawls Up in H1 2012

Business » FINANCE | August 15, 2012, Wednesday // 14:28
Bulgaria's FDI Crawls Up H1 2012: Bulgaria's FDI Crawls Up in H1 2012 The attracted Equity Capital of non-residents for January – June 2012 in Bulgaria amounts to EUR 422.1 M. File photo

Foreign Direct Investment, FDI, in Bulgaria in the first half of 2012 has reached EUR 221.4 M or 6% of the Gross Domestic Product, GDP.

In comparison, the direct investments during the same period of the previous year were EUR 63.2 M or 0.2% of GDP.

The data was released by the Bulgarian Central Bank.

The attracted Equity Capital of non-residents for January – June 2012 (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) amounts to EUR 422.1 M or by EUR 115.9 higher than the attracted equity capital in the same period of 2011 or EUR 306.2 M.

The investments of foreigners in real estate for the period amount to EUR 122.9 M, compared to EUR 98.1 M in 2011.

For the first half of 2012, the net other capital (the change in the net liabilities of the direct investment enterprise to the direct investor on financial loans, suppliers' credits and debt securities) is negative and was EUR – 235.3 M, compared to EUR – 289.6 during the same period of 2011.

Reinvested Earnings (the share of non-residents in the undistributed earnings/ loss of the enterprise) in January - June 2012 were estimated at EUR 34.5 M, compared to EUR 46.6 M last year.

By country, the largest direct investments in Bulgaria for the period January - June 2012 were those of the Netherlands (EUR 163 M), Switzerland (EUR 122.5 M), and Russia (EUR 68.9 M).

The largest negative flows for the period were towards Germany (EUR -247.3 M), UK (EUR -65.8 M) and UK Greece (EUR -62.6M) mainly due to net payments on intercompany credits in accordance with the loan repayment schedules of enterprises

By sectors, the largest share of FDI was in the production and distribution of electric and thermal energy, gas fuel and water (EUR 136.2 M). The largest net payments were registered in the manufacturing industry.

Direct investments abroad for the observed period in 2011 went up by EUR 84.9 M, compared to an increase of EUR 64.6 M in 2011.

Finance » Be a reporter: Write and send your article
Tags: FDI, foreign investment, foreign investments, Foreign investors, BNB, Bulgarian Central Bank, foreign direct investment, foreign direct investments, foreign direct investment in Bulgaria, GDP, capital, net, equity, earnings, real estate

Advertisement
Advertisement
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