Foreign direct investment (FDI) topped 740 mln euro or 2.3% of the nation's GDP in Q1 2008, said the Bulgarian central bank.
A year ago, FDI stood at 897.2 mln euro or 3.1% of GDP.
The nominal decrease of close to 18% is due to the equity capital flows which contracted by 102.5 mln to 463.8 mln euro.
Non-residents invested 340.7 mln euro in local real estate assets in Q1 versus 352.1 mln a year ago, a decrease of 3.2%.
Reinvested profits jumped 16% year-on-year to 94.9 mln euro.
The preliminary data of the Bulgarian central bank ranks the UK as the nation's biggest foreign investor in Q1 with a 12.7% share of FDI. It is followed by Luxembourg (12%) and Germany (10.2%).
Real estate, property rentals and business services absorbed the biggest chunk of FDI in Q1 – 296.9 mln euro.
Financial intermediation is also on a roll with 196.6 mln, running ahead of construction with 100.8 mln euro.
The preliminary data puts direct investment abroad is up by 391.3 mln euro versus a decline of 7.6 mln euro a year earlier.
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