Bulgaria's 2-mo net FDI inflow slumps 66% y/y

The net FDI inflow in January-February, calculated according to the directional principle, was equivalent to 0.3% of Bulgaria's forecast 2024 gross domestic product (GDP), the Bulgarian National Bank (BNB) said in a monthly report, citing preliminary data.

Last year, the two-month FDI inflow into Bulgaria represented 0.8% of the 2023 GDP.

In February alone, Bulgaria recorded a net FDI inflow of 147.6 million euro against 340.4 million euro in the same month of 2023.

Italy accounted for the highest net FDI inflow into Bulgaria in the review period, at 78 million euro, followed by the Netherlands and Greece, with direct investments of 67.7 million euro and 41.1 million euro, respectively. By contrast, the highest net outflows were directed to Israel, at 28.3 million euro, and Austria, at 2.4 million euro.

($ = 0.9401 euro)