Foreign direct investment in Bulgaria in the first eight months of 2021 amounted to 797.1 million euros, equivalent to 1.2% of gross domestic product (GDP), according to statistics from the National Bank of Bulgaria (BNB) on October 19.
In the same period of 2020, FDI stood at 2.02 billion euros, but the initial amount reported by the NBB last year was 365.9 million euros, which has been revised to the rise later.
Equity investments, including in the real estate sector, recorded an outflow of 8.8 million euros (compared to an inflow of 215.2 million euros in January-August 2020) and reinvested profits rose to 1.1 billion euros, compared to 742.1 million euros in the same period last year.
Net income from real estate investments of foreign companies recorded an outflow of 3.7 million euros in the first eight months of 2021, compared to an outflow of 0.1 million euros in the same period of the last year.
Central bank data showed 294.4 million euros of investment outflows as debt instruments, recorded as the change in the net liabilities of Bulgarian companies to their owner foreign investors, compared to inflows of 1.07 billion euros in the first eight months of 2020. These financial flows include financial loans, supplier credits and debt securities, the NBB said.
By country, the largest direct investment in Bulgaria in January-August 2021 came from Luxembourg (472.7 million euros), the Netherlands (296.7 million euros) and Germany (123.2 millions of euros). Notable net outflows were recorded to the Czech Republic (-238.4 million euros) and Switzerland (-159.8 million euros).
According to preliminary figures, Bulgarian investments abroad increased by 43.3 million euros in January-August, compared to 109 million euros in the same period last year, the BNB said.
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