Net FDI into Bulgaria down 54% in Jan-May

Net FDI into Bulgaria down 54% in Jan-May

The net inflow of foreign direct investment (FDI) into Bulgaria fell to 280.8 million euro ($330.6 million) in the five months through May, compared with 616.4 million euro in the same period of last year, the central bank said on Monday.

The net FDI inflow in the January-May period, calculated according to the directional principle, was equal to 0.4% 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 235.6 million euro, originated in the Netherlands, followed by France with 161.3 million euro, while the largest net FDI outflows originated in the UK and Russia - of 197.4 million euro and 145.5 million euro, respectively.

In May alone, Bulgaria recorded a net FDI inflow of 92.1 million euro, down from 106.2 million euro inflow in the same month of 2020.

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Bulgaria's c/a shows 106.3 mln euro deficit in Jan-May

Bulgaria's current account was in deficit of 106.3 million euro ($125.2 million) in the January-May period, compared to a surplus of 318.4 million euro in the same period of last year, the central bank said on Monday.

The current account deficit in the five months through May was equivalent to 0.2% of the gross domestic product (GDP) projected for 2021, the Bulgarian National Bank (BNB) said in a statement.

The surplus in the first five months of 2020 was equivalent to 0.5% of last year's GDP.

 

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