Bulgaria Sees 58% Decline of FDI in 2010 Y/Y

Bulgaria Sees 58% Decline of FDI in 2010 Y/Y

A total of EUR 1,35 B of foreign direct investment was registered in Bulgaria in 2010, which is a staggering 58% decrease year-on-year, according to final data of the Bulgarian National Bank released Monday.

The drop may be commented as a sign that the country's economy has not recovered yet and foreign companies are still reluctant to invest there.

After it registered the record EUR 9 B of FDI in 2007 and EUR 6 B in 2008, as the crisis kicked in, in 2009, Bulgaria saw only EUR 3 B of foreign investment, whch in 2010 declined even further.

However, the year ended with a positive current account - EUR 282.7 M , against a deficit of EUR 3.477 B for 2009. This is mainly due to the increase in exports.

The trade balance in 2010 was negative and it amounted to EUR 2.4 B, 42% less than the deficit registered in 2009, with exports reaching EUR 17.95 B, which is a 32.9% boost.

A EUR 403 M deficit has been registered in the financial account, compared with EUR 2.193 B for the previous year, sourse Sofia News Agency

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.