April 17 (SeeNews) - Bulgaria reported a negative net flow of foreign direct investment (FDI) of 437.6 million euro ($494.9 million) in January-February, which compares to a positive net flow of 236.6 million euro in the first two months of 2018, the central bank said on Wednesday.
The negative net flow, calculated according to the directional principle, was equal to 0.7% of the central bank's forecast for Bulgaria's gross domestic product in 2019, the Bulgarian National Bank said in a statement.
The net flow in equity, which represents the decisions of non-residents to acquire or dispose of shares and equities in cash and contributions in kind in the capital and reserves of Bulgarian enterprises, recorded a negative value of 574.3 million euro in the January-February period of 2019, compared to a negative value of 117.7 million euro in January-February 2018.
The largest positive net direct investment inflow in Bulgaria in January-February, of 70 million euro, came from Ireland. The Netherlands and Luxembourg followed with 43.3 million euro and 33.4 million euro, respectively.
($ = 0.8851 euro)