Bulgaria's Foreign Investments Drop by 50% in First Half of 2009

According to Bulgarian National Bank data, the FDI that Bulgaria attracted in January-June 2009 was EUR 1,563 B (4,6% of the GDP). File photo

Bulgaria's foreign direct investments (FDI) have declined substantially in the first half of 2009 compared to the same period of 2008.

According to Bulgarian National Bank data, the FDI that Bulgaria attracted in January-June 2009 was EUR 1,563 B (4,6% of the GDP) compared to EUR 3,272 B (9,6% of the GDP) in the first half of 2008.

Thus, Bulgaria's balance of payments for the first half of 2009 has dropped to a negative EUR 888 M vs. a positive balance of payments of EUR 1,271 B in January-June of 2008.

Of all the months in 2009 so far, only in June 2009 did Bulgaria register a positive balance of payments of EUR 146 M largely thanks to a large state loan that it got from the World Bank.

 

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