FDI in Bulgaria Falls 34% Y/Y for January-May - C-Bank

The Bulgarian National Bank (BNB)'s headquarters in downtown Sofia. File photo, BGNES

Foreign direct investment (FDI) in Bulgaria has decreased by 34.4% year-on-year for the first five months of 2016, dropping to EUR 517.3 M.

The volume of FDI for January-May was equivalent to 1.1% of GDP forecast for 2016, according to preliminary data of the Bulgarian National Bank (BNB).

Equity investment increased to EUR 179.9 M in the first five months of 2016, growing by EUR 172.7 M in comparison with the same period last year.

Real estate investments of non-residents totalled EUR 16.5 M for January-May 2016, up from EUR 15.5 M for the first five months of 2015. The largest inflow of real estate investment came from Russia (EUR 2.9 M) and Switzerland (EUR 2.1 M).

Reinvestment of earnings decreased to an estimated EUR 139 M for the first five months of 2016, compared with EUR 370.7 M a year earlier.

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