Foreign Direct Investments in Bulgaria Plummet Jan 2013 Y/Y

The increase of foreign direct investments in Bulgaria for January 2013 shows a difference of EUR 295.1 M, compared to January 2013. File photo

Foreign direct investments in Bulgaria for January 2013 increased by EUR 31.4 M (0.1% of GDP), according to flash estimates released by the Bulgarian Central Bank, BNB, on Friday.

This amount is strikingly down (by EUR 295.1 M, a difference close to 90%), compared to the increase of EUR 326.5 M (0.8% of the Gross Domestic Product, GDP) for January 2012.

The 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 January 2013 amounted to EUR 23.8 M.

It decreased by EUR 58.5 million compared to the one attracted in the same period of 2012 (EUR 82.4 M).

Receipts from real estate investments of non-residents amounted to EUR 6.5 M, compared to EUR 16.2 M attracted in January 2012.

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 1.2 M in January 2013, compared to a positive other capital, net of EUR 235.7 M in January 2012.

Based on preliminary data on profit/loss, the reinvested earnings, (the share of non-residents in the undistributed earnings/ loss of the enterprise) in January 2013 were estimated at EUR 6.4 M, against EUR 8.5 M in the same period of 2012.

By country, the largest direct investments in Bulgaria in January 2013 were those of Greece (EUR 9.6 M) the Netherlands (EUR 7.2 M), Austria (EUR 4.2 M), France (EUR 3.9 M) and Malta (EUR 3.7 M).

The largest net negative flows for the period were towards the United Kingdom (EUR -2.9 M), Panama (EUR -2.7M), and towards Cyprus (EUR -2.4 M).

According to preliminary data in January 2013, Direct Investments abroad increased by EUR 0.7 M, compared to an increase of EUR 13.1 M in January 2012.

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