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Foreign Investors Flee Bulgaria

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Foreign Investors Flee Bulgaria

(Sofia, July 18, 2017) In the period January-May 2017 the direct foreign investments in Bulgaria's economy amount to EUR 119.8 M, or 0.2% of the country's GDP.

Year-on-year, this is a decrease by 77.2%, or EUR 405.9 M.

In the month of May alone, they slumped by EUR 6.2 M, owing mostly to a BGN 11 M drop in the attracted share capital (the contributions of foreign investors to the capital of Bulgarian companies), as well as to significant decrease in the purchases of real property in Bulgaria by foreign legal entities and natural persons.

For the first five months of 2017, the attracted share capital is minus 120.8 million euros.

This means that the foreign investors are selling their businesses to Bulgarian nationals.

A year ago, the share capital attracted by Bulgarian companies was EUR 118 M.

For the period January-May 2017, the net investments of foreign legal entities and natural persons in real property in Bulgaria amount to only EUR 2.3 M, as against EUR 28.3 M in the same period of 2016.

For the same period the foreign companies operating in Bulgaria have reinvested 202.2 million euros of their profit, as against 294.9 million euros a year ago.

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