Bulgaria Sees Fourfold FDI Drop Jan 2012 Y/Y

Bulgaria's foreign direct investments in January 2012 were four times less than in the corresponding month of 2011, according to the Bulgarian National Bank's preliminary data.

Foreign companies invested a total of EUR 44.2 M in the country in January, which equals 0.1% of Bulgaria's GDP. In January 2011, foreign direct investments reached EUR 186.1 M (0.5% of GDP).

The share capital attracted in January amounted to EUR 43 M, or half as much as January 2011.

However, an year on year increase has been registered in foreign investments in Bulgaria's real estate market – from EUR 5.7 M to EUR 14.8 M in January 2012.

South Korea made the largest FDIs in Bulgaria in the first month of the year – EUR 16.6 M, followed by the Netherlands (EUR 6.3 M) and Russia (EUR 4.3 M).

Bulgaria's current account deficit in January was EUR 112 M, compared with EUR 67.2 M in January 2011.

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