Bulgaria data a 46.4% drop in FDI in January-November 2016 – Novinite.com
International direct funding in Bulgaria from January to November 2016 was nearly half of the worth of the primary 11 months of 2015, mentioned the Bulgarian Nationwide Financial institution.
central financial institution knowledge launched Thursday means that IDE based on the directional precept amounted to 953.7 million euros or 2% of GDP over the eleven months of final yr.
For comparability, the worth was 1.78 billion euros (3.9% of GDP) for a similar interval of 2015.
In November 2016 direct overseas funding in Bulgaria, elevated by 12.4 million euros, in comparison with a rise of 32.2 million euros in November 2015.
The best direct web funding entries into Bulgaria from January to November 2016 got here from the Netherlands (202.1 million euros, 21.2% of the full quantity for the interval), Germany (155.1 million euros, 16.3 %) and Luxembourg (128.4 million euros, 13.5%).
BNBof earlier figures, which suggests the identical development, had been disputed by Bulgaria funding the promotion company, InvestBulgaria, which claims that the monetary establishment bases its estimates on money flows, whereas 2016 was successful when it comes to the variety of licensed initiatives.
Fairness (acquisition / disposal of shares and holdings in money and contributions in variety by non-residents in / from the capital and reserves of Bulgarian corporations, and receipts / funds from / for actual property transactions within the nation ) amounted to 297.8 M EUR in January – November 2016. It’s down by 686.1 M € in comparison with that attracted in January-November 2015 (983.8 M €).
Actual property investments by non-residents amounted to € 53.7 million, in comparison with € 50.9 million attracted in January-November 2015.
The largest inflow of actual property funding got here from Switzerland – 22.7 million euros (42.3% of the full quantity for January-November 2016), Russia (6.7 million euros, 12.5% of the full quantity for the interval) and Norway (6.1 million euros, 11.4% of the full quantity for the interval).
Reinvestment of income (the share of non-residents within the firm’s retained earnings / losses based mostly on preliminary earnings knowledge) was estimated at € 594.2 million for January-November 2016, in comparison with € 660.5 M € for a similar interval of 2015, the BNB mentioned.
Web debt devices (the change in web commitments between associated corporations on monetary fast loans, provider credit and debt securities) had been optimistic at € 61.8 million in January-November 2016, towards a optimistic steadiness of 136, € 1 million in January-November 2015.