Foreign direct investment in Bulgaria fell 36.6 percent y-o-y to €371.3m in the first three months of the year, according to preliminary data published by the Bulgarian National Bank.
Equity investment increased by 52 percent to €144.5m. Reinvested earnings totaled €139m, down from €214.6m the previous year. The central bank estimates that real estate investments made by non-residents totaled €9.3m, down by €15.8m from Q1 2015. The biggest foreign investments by non-residents came from Russia (€2.2m) followed by Norway (€1.4m). Investments from the US and Germany amounted to €1m for each country.
