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FDI into Bulgaria more than doubles in Jan-Sept

Author Mario Tanev
FDI into Bulgaria more than doubles in Jan-Sept wrangler/Shutterstock.com

SOFIA (Bulgaria), November 18 (SeeNews) - Foreign direct investment (FDI) into Bulgaria, calculated according to the directional principle, grew to 714.5 million euro ($791.2 million) in the January-September period of 2019, up from 283.4 million euro in the same period of last year, the central bank said on Tuesday.

The FDI inflow in the review period was equal to 1.2% of the BNB’s 2019 GDP forecast, the central bank said in a statement.

The largest FDI inflow came from investments in debt instruments - just over 1.1 billion euro. This offset a 320 million euro outflow of foreign direct investment in equity, and a 287.2 million euro outflow of reinvestments of earnings.

The largest positive net direct investment inflow in Bulgaria in the January-September period of 2019, of 323.4 million euro, came from the Netherlands. Germany and the U.K. followed with 260.1 million euro and 142.4 million euro, respectively. 

($ = 0.9030 euro)

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