Bulgaria’s FDI Jumps to €1.8B in H1 2023 

Bulgaria sees a notable surge in foreign direct investment in the first half of 2023, with major contributions from the Netherlands, Austria, and Belgium, as reported by the Bulgarian National Bank.


Announced on August 17 by the Bulgarian National Bank (BNB), Bulgaria witnessed a remarkable upswing in its Foreign direct investment (FDI), reaching €1.8 billion in H1 2023. This constitutes 1.9% of its GDP, a substantial leap from €916.1 million during the same period in 2022, which BNB initially reported lower and later adjusted. Equity contributions, encompassing the real estate sector, grew to €259.6 million, up from €223 million the previous year. Meanwhile, reinvested profits skyrocketed to €1.48 billion, a significant hike from H1 2022’s €591.5 million. On the downside, a net outflow of €6.1 million was observed in foreign real estate investments, with Russia receiving €7.3 million. Debt-related investments also saw a decline, standing at €59.9 million, compared to €101.7 million in H1 2022. 

The leading foreign investors were the Netherlands, Austria, and Belgium, while Italy and Romania experienced net capital withdrawals. In a related note, Bulgaria’s foreign investments ascended to €209.3 million, slightly trailing the amount from the previous year. 

Source: sofiaglobe.com

Jakub Warzecha

Creative copywriter, archaeologist. Interested in history, technology and military matters. Specializes in marketing communications and application architecture design.

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