FDI into Bulgaria Falls 34.4% in Q1

FDI into Bulgaria Falls 34.4% in Q1

The flow of foreign direct investment (FDI) into Bulgaria fell by an annual 34.4% to 179.1 million euro ($211.4 million) in the first three months of the year, the central bank, BNB, said on Friday.
The FDI inflow was equal to 0.3% of the BNB’s 2018 GDP forecast, the central bank said in a statement.
Real estate investments by non-residents in Bulgaria totalled 200,000 euro in January-March, compared to 2.8 million euro during the same period of last year. The largest inflow of real estate investment came from Russia, followed by Kazakhstan and Israel.
The largest net direct investment inflow in Bulgaria in January-March, of 116.9 million euro, was from Russia. Netherlands followed with 64.7 million euro and Greece was third, with 57.9 million euro.

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