Net FDI in Bulgaria turns positive in June, ends H1 with EUR 136mn surplus.

By bne IntelliNews August 16, 2012
Net FDI in Bulgaria netted a EUR 24.7mn surplus in June against EUR 16.9mn deficit a year earlier, according to preliminary data of the central bank. In H1, the net flows to the country reached EUR 136.5mn as compared to a tiny deficit of EUR 1.4mn in H1 2011. Total FDI invested in the country marked a significant improvement both in June and in H1 of the current year, rising to EUR 40.3 and EUR 221.3mn, respectively, on the back of strong increase in equity capital flows. Equity capital invested in real estate properties continued to grow - it surged by 25.3% y/y to EUR 122.9mn in H1 2012 and constituted 29% of the total equity capital invested in the country. Reinvested earnings dropped by 26% y/y to EUR 34.5mn in H1. The other capital account, which shows net change in intra-company loans, showed outflows of EUR 235.3mn in H1.
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