FOREIGN COMPANIES CUT REINVESTMENT

Business | May 31, 2001, Thursday // 00:00

Companies with foreign participation have drastically cut the reinvested profit for the first quarter of 2001 to barely $4.6 M, Bulgarian National Bank (BNB), said. 2000 January-March period saw reinvestments amounting to 14.2 M. Still direct foreign investments for the 2001 first quarter were up by 13% year-on-year. Foreign investment for the 2001 period total $143 M, BNB data shows. The increase is due to the privatisation of state owned companies and the decrease of the net liabilities of foreign investors, BNB said.

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