Direct investment in Bulgaria grows nearly two-fold in 6 months

Foreign direct investment in Bulgaria in the first half of the year almost doubled, compared to the same period in 2011. BNB data showed that over €846 mln have entered the country, or 2.1% of GDP. Meanwhile, foreign capital stood at nearly €377 mln for the same period in 2011. Most foreign investors focused on immovable property in Bulgaria. The sum of €141 mln is impressive, especially compared to last year's figures. Most foreign capital came from the Netherlands, Switzerland and Russia. The reason is that some foreign banks with branches in Bulgaria are registered in these countries. Thus, Bulgaria is among the first 50 countries in the world in terms of this indicator. These figures were revealed by the UN World Investment Report in 2011. Foreign direct investment in 2012 increased by 15%. Manufacturing attracted the most foreign capital. The influx of fresh money in telecommunications, energy and manufacturing on a global scale is about 40%, while in Bulgaria these sectors attract twice as much foreign investment, 90% of it coming from EU states.

Eight sectors of the Bulgarian economy with a high potential to attract investment will be advertised in various non-EU countries, such as the Arab countries, China, etc. Big international companies are exploring conditions in Bulgaria as an attractive outsourcing destination and are willing to open factories in the country. Interest in immovable property is still high. An Israeli company, operating in this sector, plans to invest over €200 mln over the next five years. A well-known Russian company is going to open an office in Sofia for €25 mln.

At the same time, outflow of capital from Bulgaria is also increasing. BNB data showed that most money have flooded to Germany, Greece and the UK. One of the biggest Greek leasing companies operating in Bulgaria has exported the greatest amount of funds to London. Banks and companies continue repaying their debts amassed before the crisis instead of using them to invest, expand their production or open new jobs.

Прочети цялата новина

Свързани новини: