Foreign direct investment (FDI) in Bulgaria dropped by 59.7 percent year-on-year in 2016, the preliminary data of the Bulgarian National Bank (BNB) showed on Friday.

In 2016, FDI in Bulgaria, presented according to the directional principle, amounted to 682.8 million euros (726.9 million U.S. dollars) or 1.5 percent of gross domestic product, the BNB said.

The largest net direct investment inflow in the Balkan country came from Luxembourg (135.6 million euros), followed by the Netherlands (128.1 million euros), and Britain (118.1 million euros), the data showed.

Equity amounted to 222.3 million euros, while in 2015 it stood at 1.1 billion euros, the BNB said.

Meanwhile, real estate investments of non-residents totaled 54.9 million euros, compared with 72.5 million euros attracted in 2015. (1 euro=1.06 U.S. dollar) Enditem

Source: Xinhua/NewsGhana.com.gh

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