BULGARIA GETS 400 MLN EURO IN FDI IN JAN-APR 2012

Bulgaria's attracted equity capital for January - April 2012 amounted to 288.1 mln euro
Bulgaria's FDI in the first four months of 2012 amounted to 407 mln euro, according to preliminary data, released Friday, June 15, 2012, by the Bulgarian National Bank.

According to preliminary data, the foreign direct investment in Bulgaria for January - April 2012 amounted to exactly 407.2 mln euro (1% of GDP), compared to 63.2 mln euro (0.2% of GDP) for January – April 2011.

Bulgaria's 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) for January - April 2012 amounted to 288.1 mln euro, which is an increase by 67.4 mln euro compared to that attracted in the same period of 2011 (220.6 mln euro).

Bulgaria's receipts from real estate investments of non-residents amounted to 67.4 mln euro, compared to 52.6 mln euro attracted in January - April 2011.

The 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) was positive, amounting to 101.2 mln euro in January - April 2011, compared to a negative other capital, net of 189.6 mln euro in January - April 2011.

Based on preliminary data on profit/loss, the reinvested earnings (the share of non-residents in the undistributed earnings/ loss of the enterprise) in January - April 2012 were estimated at 18 mln euro, against 32.1 mln euro in the same period of 2011.

By country, the largest direct investments in Bulgaria for the period January - April 2012 were those of the Netherlands (386.4 mln euro) and Switzerland (105.6 mln euro).

Bulgaria's largest negative flows for the period were towards Germany (240.8 mln euro), Greece (69.4 mln euro) and UK (61.1 mln euro) mainly due to net payments on intercompany credits in accordance with the loan repayment schedules of enterprises.

According to preliminary data in January - April 2012, Bulgaria's direct investment abroad increased by 39.1 mln euro, compared to an increase of 48.8 mln euro in January - April 2011.