September 19 (SeeNews) - Foreign direct investment (FDI) into Bulgaria fell by an annual 55.3% to 431.8 million euro ($517.5 million) in the first seven months of the year, the central bank, BNB, said on Tuesday.
The FDI inflow was equal to 0.9% of the BNB’s 2017 GDP forecast, the central bank said in a statement, citing preliminary data.
Real estate investments by non-residents in Bulgaria totalled 5.6 million euro in January-July, compared to 54.4 million euro during the same period of last year.
The largest inflow of real estate investment came from Russia, 47.6% of the total volume. Ukraine followed with 13.2% and Kazakhstan with 8.2%.
The largest net direct investment inflow in Bulgaria during the review period, of 392.1 million euro, came from the Netherlands, followed by Switzerland with 71.3 million euro.
($ = 0.8343 euro)