FDI in Bulgaria's Non-financial Sector Falls 2.2% in 2011

FDI in Bulgaria's Non-financial Sector Falls 2.2% in 2011

Foreign direct investments (FDI) in Bulgaria's non-financial sector last year amounted to 21.6 billion euro ($27.1 billion), down by 2.2% on the year, preliminary data published by the country's statistics office showed.

The largest share of this amount, some 8.7 billion euro, flowed into the industry, while another 4.1 billion euro were allocated to the services, the National Statistics Institute said on Thursday.

The amount of FDI earmarked for those two sectors in 2011 accounted for 59.5% of the total sum, which is 3.4 percentage points more than a year earlier.

In 2011, FDI in construction dropped by an annual 40% to a total of 775 million euro, or just 3.6% of the entire investments made in the country.

Early estimates also showed that expenditures for the acquisition of tangible fixed assets in all sectors of the Bulgarian economy last year amounted to 17.76 billion levs ($11.4 billion/9.1 billion euro), which is an annual increase of 9.5%.

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