FDI in Bulgaria Rises to 1.34 Bln Euro in Jan-Oct

FDI in Bulgaria Rises to 1.34 Bln Euro in Jan-Oct

Foreign direct investments (FDI) in Bulgaria totalled 1.34 billion euro ($1.75 billion) through October, up from 1.08 billion euro a year earlier, the country's central bank said.

FDI in Bulgaria in the first ten months of the year was equivalent to 3.4% of the gross domestic product (GDP) projected for 2012, compared with a 2.8% of GDP in the same period of last year, the central bank said in a statement on Friday.

In October alone, FDI in Bulgaria registered an outflow of 41.1 million euro, compared with inflow of 368.9 million euro in the same month of 2011.

Netherlands was the country with the largest amount of direct investments in Bulgaria made through October with some 622.3 million euro, followed by Luxembourg and Russia with 238.7 million euro and 146.8 million, respectively.

The largest net outflows of investments from Bulgaria for the period under review were towards Austria and the U.K., some 150 million euro and 145.4 million euro, respectively.


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