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Bulgaria posts 56 mln euro negative net flow of FDI in Jan-May

Bulgaria posts 56 mln euro negative net flow of FDI in Jan-May tanatat/

SOFIA (Bulgaria), July 19 (SeeNews) - Bulgaria recorded a negative net flow of foreign direct investment (FDI) of 55.9 million euro ($62.8 million) in the January-May period, compared to a positive net flow of 91.2 million euro in the same period of 2018, the central bank said on Friday.

The negative net flow, calculated according to the directional principle, was equal to 0.1% of the central bank's forecast for Bulgaria's gross domestic product in 2019, the Bulgarian National Bank (BNB) said in a statement.

The net flow in equity, which represents the decisions of non-residents to acquire or dispose of shares and equities in cash and contributions in kind in the capital and reserves of Bulgarian enterprises, recorded a negative value of 539.2 million euro in the first five months if the year, compared to a negative value of 246.1 million euro a year earlier. 

The largest positive net direct investment inflow in Bulgaria in the Jan-May period, of 206.3 million euro, came from the Netherlands. Germany and Hungary followed with 92.3 million euro and 43.0 million euro, respectively. 

($ = 0.8903 euro)