According to preliminary data released by the Bulgarian National Bank, foreign direct investment in the country for the January – November 2007 period amounts to EUR 5,050 million (17.7% of GDP) compared to EUR 3,864.7 million (15.4% of GDP) in January – November 2006.
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) between January – November 2007 amounts to EUR3,104.1 million and accounts for 61.5% of all FDI.
This is a hike of EUR 1,275.1 million compared to the same period 2006 (EUR 1,829 million). Receipts from real estate sales to nonresidents are included in the equity capital and stand at EUR 1,552.2 million versus EUR 1004.3 million for January – November 2006.
For the period January – November 2007 attracted equity capital in privatization deals with non-residents, acquiring more than 10% of the equity in a Bulgarian enterprise, amount to EUR 86.5 million. Attracted equity capital in non-privatization deals totals EUR 3,017.7 million, compared to EUR 1,616.7 million for the same period of 2006.
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) amounted to EUR 1,667.4 million (net) for the period January – November 2007, against EUR 1,774.7 million for the respective period 2006.
According to preliminary data, reinvested earnings (the share of non-residents in the undistributed earnings/ loss of the enterprise) between January – November 2007 are estimated at EUR 278.5 million versus EUR 261.1 million for the same period of 2006.
By country, the largest investments in Bulgaria for the period came from the United Kingdom (17.1% of the total foreign direct investment), Austria (8.3%) and Greece (7.9%).
Direct investment abroad stood at EUR 158.6 million for the same period, compared to EUR89.1 million reported in Jan – Nov 2006.