The net inflow of foreign direct investment (FDI) into Bulgaria fell by 50.7% year-on-year to 1.14 billion euro ($1.29 billion) in the ten months through October, the central bank said on Friday.
The net FDI inflow in the January-October period, calculated according to the directional principle, was equal to 1.7% of Bulgaria's 2021 forecast gross domestic product, the Bulgarian National Bank (BNB) said in a statement, citing preliminary data.
The largest net FDI inflow into Bulgaria in the review period, of 364.5 million euro, originated in Luxembourg, followed by Germany with 290.4 million euro and Belgium with 167.3 million euro. The largest net FDI outflows - of 244.2 million euro and 79.7 million euro, respectively - were directed to the Russia and Switzerland.
In October alone, Bulgaria recorded a net FDI inflow of 238.5 million euro, about twice the 119.4 million euro inflow recorded in the same month of 2020.