Bulgaria FDI plunges 77 pct

Source: Xinhua| 2017-07-18 19:07:04|Editor: Song Lifang
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SOFIA, July 18 (Xinhua) -- Foreign direct investment (FDI) flowing into Bulgaria in the first five months of 2017 dropped by 77.2 percent year on year, preliminary data of the Bulgarian National Bank (BNB) showed on Tuesday.

In the January-May period, FDI in Bulgaria, presented according to the directional principle, amounted to 119.8 million euros (137.8 million U.S. dollars), while in the same period of 2016 the figure stood at 525.7 million euros, the BNB said.

The largest net direct investment inflow in the Balkan country came from the Netherlands (147.3 million euros) and Switzerland (101.3 million euros), the data showed.

Equity recorded a negative value of 120.8 million euros, dropping by 238.7 million euros from a positive value of 118 million euros in the January-May period of 2016, the BNB said.

Meanwhile, real estate investments of non-residents totaled 2.3 million euros against 28.3 million euros attracted in the first five months of 2016.

Reinvestment of earnings was estimated at 202.2 million euros for the January-May period this year, compared with 294.9 million euros in the same period of 2016, the BNB added.

In 2016, FDI in Bulgaria amounted to 682.8 million euros, down 59.7 percent year on year from a year ago.