FDI in Bulgaria Slump by 78% in 2010 H1

FDI in Bulgaria Slump by 78% in 2010 H1

The foreign direct investments (FDI) in Bulgaria for the first six months of 2010 was EUR 358,5 M, or 1% of the country's GDP, the Bulgarian National Bank (BNB) has announced.

The data from BNB shows a drop of FDI by 78%, in comparison to last year when Bulgaria registered foreign investments amounting to EUR 1,6 B, or 4,8% of the GDP.

For the period January-July 2010, the Netherlands, Russia and the United States invested the most in Bulgaria - EUR 933 M, EUR 103,4 M and EUR 47,3 M respectively.

The public services sector attracted most of the foreign investments. Electricity, heating, fuel and water received EUR 108,2 M of foreign investments, while the real estate - EUR 96 M.

In the meantime, Bulgaria has invested EUR 718 M in Austria and a little less than EUR 200 M in the Netherlands Antilles and the UK.

For the first time since the beginning of the economic crisis, in the first three months of 2010, the withdrawal of capital from Bulgaria exceeded the foreign investments by EUR 21,9 M, according to preliminary data.

For the period January-March 2009, Bulgaria has received foreign investments amounting to EUR 926 M, or 2,7% of the GDP.

 

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