October 18 (SeeNews) - Foreign direct investment (FDI) into Bulgaria fell by an annual 54.1% to 516.4 million euro ($606.1 million) in the first eight months of the year, the central bank, BNB, said on Wednesday.
The FDI inflow was equal to 1.0% of the BNB’s 2017 GDP forecast, the central bank said in a statement, citing preliminary data.
Real estate investments by non-residents in Bulgaria totalled 7.0 million euro in January-August compared to 57.6 million euro during the same period of last year.
The largest inflow of real estate investment came from Russia, 47.9% of the total volume. Ukraine followed with 11.4% and Kazakhstan with 7.0%.
The largest net direct investment inflow in Bulgaria during the review period, of 435.8 million euro, came from the Netherlands, followed by Switzerland with 74.2 million euro.
($=0.8520 euro)