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FDI in Bulgaria falls 2.4% y/y in Jan-Nov

FDI in Bulgaria falls 2.4% y/y in Jan-Nov Ju1978/Shutterstock.com

SOFIA (Bulgaria), January 19 (SeeNews) - Foreign direct investment (FDI) in Bulgaria fell by an annual 2.4% to 883.7 million euro ($1.08 billion) in the eleven months through November 2017, the central bank, BNB, said on Friday.

The FDI was equal to 1.7% of BNB's 2017 GDP forecast, the central bank said in a statement, citing preliminary data.

Net real estate investments by non-residents in Bulgaria totalled 10.8 million euro in the period January-November, compared to 63.1 million euro during the same period of 2016.

The largest inflow of real estate investment came from Russia, 53.1% of the total volume. Germany followed with 11.3% and Ukraine with 10.5%.

The largest net direct investment inflows in Bulgaria during the review period, of 735.7 million euro, came from the Netherlands, followed by Switzerland with 126.7 million euro.

($=0.8149 euro)

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