Foreign direct investment in Bulgaria amounted to 1.06 billion euros in the first three months of the year, equivalent to 1.4 percent of gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on May 18.
In the same period of 2021, FDI was 244.1 million euros, but BNB initially reported an outflow of 27.8 million euros, which was later revised upwards.
Investments in equities, including in the real estate sector, amounted to 104.1 million euros (compared to an outflow of 175.8 million euros in the first quarter of 2021) and BNB figures showed 805.6 million euros in reinvested earnings (in compared to 638.5 million euros). for the first three months of last year.)
Net income from real estate investments by foreign companies amounted to an outflow of 2.3 million euros, compared to an outflow of 0.3 million euros in January-March 2021.
Central bank data showed 146.1 million euros in investment inflows as debt securities, recorded as a change in Bulgarian companies’ net liabilities to their foreign investor holders, compared to an outflow of 218.6 million euros in the first quarter of 2021. Such financial flows include financial loans, trade credit and debt securities said BNB.
By country, the largest direct investments in Bulgaria in the first three months of the year came from the Netherlands (EUR 469.4 million), Belgium (EUR 159.4 million) and Austria (EUR 115.3 million). Notable net outflows were recorded to Germany (-63.7 million euros) and Greece (-21.4 million euros).
According to preliminary figures, Bulgarian foreign investments increased by 54.9 million euros in the first quarter, compared to 42.2 million euros in the same period last year, BNB said.
(Photo: Miroslav Sárička/sxc.hu)
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