FDI in Bulgaria Drops 45% Y/Y in January-April 2016

Foreign direct investment (FDI) in Bulgaria has decreased by 45.1% year-on-year in the first four months of 2016, dropping to EUR 429.1 M.

The volume of FDI in Bulgaria for January-April was equivalent to 0.9% of GDP forecast for 2016, the country’s central bank said in a statement on Friday, citing preliminary data.

Equity investment increased by 38.5% on the year, reaching EUR 165.6 M in January – April 2016.

Real estate investment of non-residents totalled EUR 13.3 M,down from EUR 24 M in January – April 2015. The largest inflow of real estate investment came from Russia (EUR 2.5 M) and the United States (EUR 1.2 M), the Bulgarian National Bank (BNB) said.

Reinvestment of earnings dropped to EUR 139 M for the first four months of 2016, down from EUR 292.6 M a year earlier.

The largest net direct investment inflow in Bulgaria for January – April 2016 was from the Netherlands (EUR 269 M).

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