The Club

The Club

Kosherinata - Bansko

Kosherinata - Bansko


PM Borissov Meets with Egypt\'s President el-Sisi 15.1.2020
PM Borissov Meets with Egypt's President el-Sisi
January 15 (BTA) - Meeting with Egypt's President Abdel Fattah el-Sisi, Bulgaria's Prime Minister Boyko Borissov said, as quoted by the Government Information Service: "The real breakthrough achieved in the...

Parliament Votes New Environment Minister into Office 15.1.2020
Parliament Votes New Environment Minister into Office
January 15 (BTA) - With 111 votes in favour and 96 votes against, the National Assembly Wednesday approved the nomination of Emil Dimitrov MP of United Patriots as Minister of Environment and Water. He later swore...

15.1.2020
Inflation for December 2019 Is 0.7%
January 15 (BTA) - Inflation for December 2019 versus November is 0.7 per cent, the National Statistical Institute said on Wednesday. The annual inflation for December 2019 compared to December 2018 is 3.8 per...


Weather/BNB fixing 17.01.20

20° Sofia 21° Plovdiv
20° Burgas 17° Stara Zagora
21° Varna 20° Rousse
CHF 1.59816 GBP 2.31651 USD 1.4962
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Record '07 foreign investment in financial intermediation

19.2.2008
Financial intermediation absorbed 1.741 bln euro in foreign direct investment (FDI) in 2007, up a handsome 137% year-on-year, central bank data shows.

The upside came from the capital hikes performed by local banks and insurance companies and the large volume of intercompany credits, said experts.

The biggest chunk of FDI - 37%, was injected into real estate transactions, rental and business services. In nominal terms, it rose 41% year-on-year to 2.158 bln euro.

Construction attracted 12.4% of FDI with 706 mln euro in 2007, up from 466.4 mln euro a year ago.

Investment in the farming sector posted a whopping 229% year-on-year growth to 50.8 mln euro, mainly due to the low base. Farming still accounts for a mere 0.9% of FDI.

Investment in the processing industry and in the production and distribution of electricity, heating, liquefied fuel and water posted 84% and 64% declines, respectively.

Since these are preliminary figures, experts said they will most likely to be revised upwards.

The central bank data shows that the processing industry attracted 128 mln euro, down from 804 mln in 2006, while power and fuel production attracted 88 mln euro, down from 246 mln euro in 2006.

Total FDI inflows rose 30.3% to the record-setting 5.687 bln euro in 2007.

Source: www.news.dnevnik.bg
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