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Net FDI into Bulgaria falls 61% in Jan-Aug - c-bank

Net FDI into Bulgaria falls 61% in Jan-Aug - c-bank Ju1978/

SOFIA (Bulgaria), October 20 (SeeNews) - The net inflow of foreign direct investment (FDI) into Bulgaria went down by 60.7% year-on-year to 797.1 million euro ($926.7 million) in the eight months through August, the central bank said.

The net FDI inflow in the January-August period, calculated according to the directional principle, was equal to 1.2% of Bulgaria's 2021 forecast gross domestic product, the Bulgarian National Bank (BNB) said in a statement on Tuesday, citing preliminary data.

The largest net FDI inflow into Bulgaria in the review period, of 472.7 million euro, originated in Luxembourg, followed by the Netherlands with 296.7 million euro and Germany with 123.2 million euro. The largest net FDI outflows - of 238.4 million euro and 159.8 million euro, respectively - were directed to the Czech Republic and Switzerland.

In August alone, Bulgaria recorded a net FDI inflow of 165.6 million euro, down from 288.2 million euro inflow in the same month of 2020.

($ = 0.8603 euro)