Net FDI inflows in Bulgaria drop 77.5% y/y to EUR 67.4mn in Jan-Feb 2012.

By bne IntelliNews April 20, 2012
Net FDI flows were positive at EUR 67.4mn in Jan-Feb but dropped by 77.5% as compared to a year earlier, according to preliminary data of the central bank. Equity capital invested in the countrys non-banking sector by foreigners dropped by 23.9% y/y to EUR 86.5mn. However, the equity capital invested in real estate properties is still on the rise it nearly doubled to EUR 32.7mn from EUR 16.9mn in Jan-Feb 2011 or 38.6% of the overall FDI inflows to the country, although still much lower compared to the pre-crisis level. Reinvested earnings rose by 7.4% y/y to EUR 17.8mn. The other capital account, which shows net change in intra-company loans, showed outflows of EUR 19.8mn in Jan-Feb, implying a reduction of net foreign liabilities of local companies to foreign parents. The account of other capital was positive at EUR 203mn a year earlier. In February alone, net FDI flows were positive at EUR 19.5mn in February but plunged 84.5% as compared to a year earlier, according to preliminary data of the central bank. Net FDI was also lower compared to a month ago when the figure stood at revised EUR 47.9mn.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss