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Foreign Investment in Bulgaria with Marginal Up August - Report

1 min read Source: Novinite

From our news archive: this article was published in October 2010. Figures and rules may have changed since.

There has been a slight raise of foreign investments in Bulgaria for August, reported the Association for the Promotion of Foreign Investments.

This information, reported by the Bulgarian National Radio, comes after a long time of steady dropping of FDIs to the crisis-hit country.

According to data from the Bulgarian National Bank, investments for the frist eight months of 2010 have been just 40% of the amount for the same period 2009 and totalled just EUR 830 M.

A large part of the companies investing are regarding their investments as strategic, report the Association, with a large part of investments coming from reinvested profits.

The real estate sector, despite a considerable absolute drop, still has a considerable share of 20%.

FDIs for 2010 are expected to total EUR 1.2 B, according to forecasts by the Association for the Promotion of Foreign Investments.

Originally published by Novinite.

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