The drop in foreign investments - worse by the year?

According to data from the Bulgarian National Bank Bulgaria is failing to accumulate enough Foreign Direct Investments (FDI).
For the first half of 2017 the amount of investments was 405 Million Euro in comparison to the same period of time last year - 760 Million, meaning that FDI have dropped by about half. 

This is all preliminary data but it confirms a tendency that's been happening for the past couple years. A further piece of troubling data is that Bulgaria spends more in investments abroad - 140 Million Euro in 2016, compared to 96 Million Euro in 2015. The decrease in FDI is quite drastic - from 1.692 Billion Euro in 2015 to just 682 Million in 2016. 
Taking a closer look at the numbers will also reveal that for the second half of 2016 Bulgaria experienced a negative flow of investments - 760 Million for the first half and an yearly overall of 682.

There is also a noticeable decrease in real estate investments. Within the first six months of the year income on real estate sales was about 3,4 Million Euro as opposed to 48 Million for the same period last year. Russians and Ukranians are still on top of the list when it comes to buying real estate in Bulgaria.
Top foreign investors are - The Netherlands (283 Mil Euro), Switzerlan (104 Mil Euro) and Turkey (71 Mil Euro).


(Picture taken from: https://commons.wikimedia.org/wiki/Main_Page )


Vasil Manev

Vasil Manev is a student in Computer Science and an aspiring columnist, studying in Heidelberg, Germany.

Comments (0)

Like Our Page on Facebook

Like our page to make sure you see all of our NEW articles!

Click to

Sign Up For Our Newsletter

Subscribe and stay informed about all important events!



x