Net FDI Into Bulgaria Rises 15% in Jan-Sep

World

Photo by Vitoria Holdings LLC/Shutterstock.com

The net inflow of foreign direct investment (FDI) into Bulgaria went up to roughly EUR 1.5 billion in the nine months through September from EUR 1.2 billion in the comparable period of 2022, the country's central bank said on Friday.

The net FDI inflow between January and September, calculated according to the directional principle, was equal to 1.5% of Bulgaria's 2022 forecast gross domestic product (GDP), the Bulgarian National Bank said in a statement, citing preliminary data.

In a separate report, the central bank said that Bulgaria posted a current account surplus of EUR 770 million, equal to 1% of economic output in the first nine months, compared to a surplus of 0.7% in the same period a year ago.

In September alone, the current account posted a deficit of EUR 458 million compared to a deficit of EUR 31.5 million a year ago, the bank said on Friday.

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.

Support the BBJ

Foreign Affairs