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.
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