Bulgaria Attracted EUR 873 M in FDI in Jan-Aug 2012

Foreign direct investments in Bulgaria for January - August 2012 increased by EUR 873 M (2.2% of GDP), as compared to an increase of EUR 516.5 M (1.3% of GDP) for January - August 2011. File photo

According to preliminary data of the Bulgarian National Bank (BNB), foreign direct investments in Bulgaria for January - August 2012 increased by EUR 873 M (2.2% of GDP), as compared to an increase of EUR 516.5 M (1.3% of GDP) for January - August 2011.

Attracted equity capital (acquisition/disposal of shares and equities in cash and contributions in kind by non-residents in/from the capital and reserves of Bulgarian enterprises and receipts/payments from/for real estate deals in the country) for the period January – August 2012 came in at EUR 541.9 M, up by EUR 56.2 M from the attracted equity capital for the same period of 2011 (EUR 485.7 M).

Receipts from real estate investments of non-residents amounted to EUR 157.5 M, as compared to EUR 152.5 million attracted in January - August 2011.

The other capital, net (the change in the net liabilities of the direct investment enterprise to the direct investor on financial loans, suppliers' credits and debt securities) was positive, amounting to EUR 262.1 M in January - August 2011, as compared to a negative other capital, net of EUR -62.1 M in January - August 2011.

Based on preliminary data on profit/loss, reinvested earnings (the share of non-residents in the undistributed earnings/ loss of the enterprise) in January - August 2012 were estimated at EUR 69 M, against EUR 92.9 M in the same period of 2011.

By country, the largest direct investments in Bulgaria for the period January - August 2012 were those of the Netherlands (EUR 498.7 M), Switzerland (EUR 104.9 M), and Russia (EUR 97.2 M). The largest net negative flows for the period were towards Germany (EUR -142.7 M), and towards Greece (EUR -64.4 M).

According to preliminary data, in January - August 2012 direct investment abroad increased by EUR 104.5 M, compared to an increase of EUR 118.5 M in January - August 2011.

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