FDI IN BULGARIA DOWN 48% IN JANUARY-NOVEMBER
Foreign direct investment (FDI) in Bulgaria in the first 11 months of 2011 were down 48 per cent year-on-year, preliminary data from the Bulgarian National Bank (BNB) showed on January 16.
In absolute terms, FDI was 740 million euro, compared to 1.43 billion euro in January-November 2010.
The central bank said that boosting FDI was one potential factor that could aid Bulgaria's economic recovery during a period of tight lending.
BNB data also showed the financial account part of the balance of payments, that is the difference between the inflow and outflow of capital, with a deficit of 1.45 billion euro for January-November, an increase of 137 per cent year-on-year.
That deficit is largely offset by the current account portion of the balance of payments, which showed a surplus of 1.15 billion euro, compare to a deficit of 165 million euro in the same period of 2010.
