FDI into Bulgaria rises in Jan-Aug
Photo by Takashi Images / Shutterstock.com
Foreign direct investment into Bulgaria grew to EUR 603.5 million in the period from January-August 2019, up from EUR 407.2 mln in the same period of last year, the central bank has announced.
The Bulgarian National Bank Building in Sofia. Photo by Takashi Images/Shutterstock.
In a statement released on Friday, the Bulgarian National Bank said FDI inflow was equal to 1% of the BNB’s 2019 forecast for gross domestic product.
Earlier in October, Dimitar Radev, Governor of the BNB, gave a wide ranging interview to Investor Digest. Asked what effect the current low interest rates have on the Bulgarian economy, he said the immediate effect is positive.
"The increased credit activity is one of the indicators for this. Such a development, however, is connected with some serious challenges; for instance, the profitability of the banks as a result of the diminishing interest margins. I should say that so far the Bulgarian banks manage to deal with this challenge," Radev told Investor Digest.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.