Bulgaria Posts 254 mln euro Negative Net Flow of FDI in Q1

Bulgaria Posts 254 mln euro Negative Net Flow of FDI in Q1

Bulgaria recorded a negative net flow of foreign direct investment (FDI) of 254.4 million euro ($284 million) in January-March, compared to a negative net flow of 52.6 million euro in the first three months of 2018, the central bank said on Monday.The negative net flow, calculated according to the directional principle, was equal to 0.4% of the central bank's forecast for Bulgaria's gross domestic product in 2019, the Bulgarian National Bank (BNB) said in a statement.The net flow in equity, which represents the decisions of non-residents to acquire or dispose of shares and equities in cash and contributions in kind in the capital and reserves of Bulgarian enterprises, recorded a negative value of 562.8 million euro in the January-March period, compared to a negative value of 184.5 million euro a year earlier.The largest positive net direct investment inflow in Bulgaria in the first three months of the year, of 174.3 million euro, came from the Netherlands. Ireland and the UK followed with 70 million euro and 52.2 million euro, respectively. ($ = 0.89548 euro)

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