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FDI into Bulgaria rises to 603.5 mln euro in Jan-Aug

Author Mario Tanev
FDI into Bulgaria rises to 603.5 mln euro in Jan-Aug tanatat/Shutterstock.com

SOFIA (Bulgaria), October 18 (SeeNews) - Foreign direct investment (FDI) into Bulgaria, calculated according to the directional principle, grew to 603.5 million euro ($672.6 million) in the January-August period of 2019, up from 407.2 million euro in the same period of last year, the central bank said on Friday.

The FDI inflow was equal to 1% 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 billion euro. This offset a 327 million euro outflow of foreign direct investment in equity, and a 72.1 million euro outflow of reinvestments of earnings.

The largest positive net direct investment inflow in Bulgaria in the January-August period of 2019, of 241.9 million euro, came from the Netherlands. Germany and the U.K. followed with 191.4 million euro and 108.6 million euro, respectively. 

($ = 0.8972 euro)

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