Net FDI into Bulgaria halves in 2020

Net FDI into Bulgaria halves in 2020

The net inflow of foreign direct investment (FDI) into Bulgaria decreased by 50.7% on the year to 561.7 million euro ($681.7 million) in 2020, the central bank said on Friday.

The net FDI inflow last year calculated according to the directional principle, was equal to 0.9% of Bulgaria's 2020 projected gross domestic product, the Bulgarian National Bank (BNB) said in a statement, citing preliminary data.

The largest net FDI inflow into Bulgaria in 2020, of 303.1 million euro, came from Austria. Germany and Switzerland followed with 294.5 million euro and 207.2 million euro, respectively.

In December alone, Bulgaria recorded a net FDI outflow of 261.8 million euro, up from an outflow of 86.4 million euro in the same month of 2019.

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