FDI in Bulgaria Down 18.7% Y/Y in H1 2016

Foreign direct investment (FDI) into Bulgaria dropped by 18.7% year-on-year during the first half of 2016, decreasing to EUR 778.4 M, the country’s central bank BNB has said citing preliminary data.

The FDI figure for January-June 2016 was equivalent to 1.7% of GDP forecast for the year by the BNB.

Equity investment by non-residents increased by EUR 105.1 M year-on-year, reaching  EUR 168.3 M for the first half of 2016.

Real estate investment of non-residents decreased to EUR 26.1 M for the first six monts of 2016 from EUR 36.5 M in the same period of last year. The largest inflow of real estate investment came from Norway – EUR  4.7 M, Russia and the UK followed with EUR 3.9 M each.

Reinvestment of earnings dropped to an estimated EUR 376.4 M for the first half of 2016, compared with EUR 448.8 M a year earlier.

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