Net FDI inflows in Bulgaria plummet 78.4% y/y to EUR 37.4mn in Jan 2012.

By bne IntelliNews March 16, 2012
Net FDI flows were positive at EUR 37.4mn in January but declined by 78.4% 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 decreased by 45.8% y/y to EUR 39.9mn. However, the equity capital invested in real estate properties is still on the rise it more than doubled to EUR 14.8mn in January or 33% of the overall FDI inflows to the country. Still, it is much below the pre-crisis levels. Reinvested earnings remained broadly unchanged y/y during the month. The other capital account, which shows net change in intra-company loans, showed outflows of EUR 7.7mn in January, implying a reduction of net foreign liabilities of local companies to foreign parents. Other investments were positive at EUR 97.5mn a year earlier.

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