July 18 (SeeNews) - Foreign direct investment (FDI) into Bulgaria fell by an annual 77% to 119.8 million euro ($138.5 million) in the first five months of the year, the central bank, BNB, said on Tuesday.
The FDI inflow was equal to 0.2% of the BNB’s 2017 GDP forecast, the central bank said in a statement, citing preliminary data.
Real estate investments by non-residents in Bulgaria totaled 2.3 million euro in January-May, compared to 28.3 million euro during the same period of last year.
The largest inflow of real estate investment came from Russia, 34.6% of the total amount. Kazakhstan followed with 15.2% and the Czech Republic with 11.6%.
The largest net direct investment inflow in Bulgaria during the review period, of 147.3 million euro, came from the Netherlands, followed by Switzerland with 101.3 million euro.
($ = 0.8650 euro)