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Net FDI into Bulgaria rises fourfold y/y in Jan-March - c-bank

Net FDI into Bulgaria rises fourfold y/y in Jan-March - c-bank unsplash.com

The net inflow of foreign direct investment (FDI) into Bulgaria grew to some 1.06 billion euro ($1.1 billion) in the first three months of 2022 from 244.1 million euro in the comparable period of last year, the central bank said on Wednesday.

The net FDI inflow in the January-March period, calculated according to the directional principle, amounted to 1.4% of Bulgaria's projected gross domestic product (GDP) in 2022, the Bulgarian National Bank (BNB) said in a statement, citing preliminary data.

The Netherlands contributed to the largest net FDI inflow into Bulgaria in the review period, of 469.4 million euro. Belgium and Austria followed with 159.4 million euro and 115.3 million euro, respectively. On the other hand, the largest net negative flows were to Germany and Greece, 63.7 million euro and 21.4 million euro, respectively, central bank data showed.

In March alone, Bulgaria recorded a net FDI inflow of 112.5 million euro, nearly three times the inflow of 41.5 million euro in the same month of 2021.

($ = 0.9503 euro)

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