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FDI into Bulgaria drops 63% in Jan-July

FDI into Bulgaria drops 63% in Jan-July Ju1978/Shutterstock.com

SOFIA (Bulgaria), September 19 (SeeNews) - Foreign direct investment (FDI) into Bulgaria, calculated according to the directional principle, fell by an annual 63% to 219.9 million euro ($256.8 million) in the first seven months of the year, the central bank, BNB, said on Wednesday, quoting preliminary data.

The FDI inflow was equal to 0.4% of the BNB’s 2018 GDP forecast, the central bank said in a statement.

Real estate investments by non-residents in Bulgaria totalled 4.2 euro in January-July, compared to 10.5 million euro during the same period of last year.

The largest inflow of real estate investment came from Russia, followed by Ukraine and Germany.

The largest net direct investment inflow in Bulgaria in the first seven months of the year, of 221.4 million euro, came from the Netherlands. Russia and Germany followed with 157.9 million euro and 80.5 million euro, respectively.

($ = 0.8560 euro)

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