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Foreign direct investment in Bulgaria in January-July increases by 54%

published on 9/18/20 3:43 PM

Photo: Archive

Foreign direct investment in Bulgaria for the period January-July amounted to 1.4 billion euros. Compared to the same period of 2019, their increase is by 494.8 million euros, or 54.2%, the Bulgarian National Bank has announced. In July alone, foreign investment was 958.8 m euros, with 400 million a year earlier.

The growth is due to the fact that no foreign capital was withdrawn from the country in July. And foreign investments come mainly in the form of loans to Bulgarian companies. Reinvested earnings from foreign companies amounted to EUR 331.7 million, compared to EUR 243.7 million in January-July 2019.

The largest net foreign direct investment comes from the Netherlands - 192.8 million euros, followed by Russia - 121.1 million euros, and Hungary 107.2 million euros, according to the BNB.

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Radio Bulgaria Economy Bulgarian National Bank FDI foreign direct investment Hungary Netherlands Russia

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