March 22 (SeeNews) - Bulgaria reported a negative net flow of foreign direct investment (FDI) of 427.5 million euro ($483 million) in January, which compares to a positive flow of 228.7 million euro in January 2018, the central bank said on Friday.
The negative net flow, calculated according to the directional principle, was equal to 0.7% of the central bank's forecast for Bulgaria's gross domestic product in 2019, the Bulgarian National Bank said in a statement.
The net flow in equity, which represents the decisions of non-residents to acquire or dispose of shares and equities in cash and contributions in kind in the capital and reserves of Bulgarian enterprises, recorded a negative value of 556.8 million euro in January, compared to a negative value of 41.2 million euro in January 2018.
The largest positive net direct investment inflow in Bulgaria in January, of 69.9 million euro, came from Ireland. Luxembourg and the Netherlands followed with 24 million euro and 22.4 million euro, respectively.
($ = 0.8851 euro)