Bulgaria's net FDI downby 22% in 2012.

By bne IntelliNews February 19, 2013
Net FDI in Bulgaria dropped by 22% to EUR 1,228.6mn in 2012, central bank data showed. The net flow accounted for slightly over 3% of GDP. Total FDI invested in the country shrank 20% to EUR 1,398 last year as equity capital declined by EUR 320mn or 25%, reflecting less attractive investment projects in the country. Foreign funds invested in real estate properties also narrowed to EUR 233mn in 2012 from EUR 245mn a year earlier and constituted just 25% of the total equity capital invested in the country against about 50% in the years prior to the crisis. Reinvested earnings shrank by 40% to EUR 96mn in 2012. Only the other capital account posted growth in 2012 (up 3%), which reflects higher inflow of foreign capital to local companies.
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