According to preliminary data of the Bulgarian National Bank (BNB), foreign direct investments (FDI) in Bulgaria in the period January – July 2012 amounted to EUR 846.2 M (2.1% of GDP) as compared to EUR 376.5 M (1.0% of GDP) for January – July 2011.
The attracted Equity Capital (acquisition/disposal of shares and equities in cash and contributions in kind by non-residents in/from the capital and reserves of Bulgarian enterprises and receipts/payments from/for real estate deals in the country) for the period January - July 2012 amounted to EUR 495.8 M. It increased by EUR 68.5 M compared to that attracted in the same period of 2011 (EUR 427.2 M). The receipts from real estate investments of non-residents amounted to EUR 141 M, compared to EUR 122 M attracted in January – July 2011.
The other capital, net (the change in the net liabilities of the direct investment enterprise to the direct investor on financial loans, suppliers' credits and debt securities) was positive, amounting to EUR 290.2 M in January - July 2011, compared to a negative other capital, net of EUR -130.1 M in January - July 2011.
Based on preliminary data on profit/loss, the Reinvested Earnings2 (the share of non-residents in the undistributed earnings/ loss of the enterprise) in January - July 2012 were estimated at EUR 60.3 M, against EUR 79.4 M in the same period of 2011.
By country, the largest direct investments in Bulgaria for the period January - July 2012 were those of the Netherlands (EUR 498.9 M), Switzerland (EUR 104.9 M) and Russia (EUR 85.7 M). The largest net negative flows for the period were towards Germany (EUR -118.8 M) and towards Greece (EUR -65.1 M).
According to preliminary data, Direct investment abroad increased by EUR 103.3 M in the period January - July 2012, compared to an increase of EUR 88.5 M in January - July 2011.
Article courtesy of: www.novinite.com
Image courtesy of: http://www.freedigitalphotos.net image by 'sheelamohan'
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