The financial agency services have succeeded to attract record volume of foreign investments.
More than half of the investments in Bulgaria go in the construction and real estates sectors.
The field of financial agency services has attracted last year foreign investments of 1,741 billion euros, show the statistics of Bulgarian National Bank. This is an increase of 137 %, when compared to the last year numbers of 735 billion euros, when the share of the total volume of investments was twice smaller. The dramatic increase is due to the last year’s capital increase of banks and insurance companies, as well as to the big volume of the internal credits among the companies.
The largest share of direct foreign investments (37 %) is the real estates operations one, together with rents and business services. Nominally, they rise with 41 % annually, reaching 2,158 billion euros. The construction sector comes third by volume of attracted foreign investments. Construction attracted a total sum of 706 billion euros, or that is 12.4 % of the total volume of the foreign investments. As a comparison, a year earlier, the foreign investments in the construction business were 466.4 billion euros altogether.
As a whole, last year the country managed to attract the record number of 5.687 billion euros. This is a growth of over 30.3 % in comparison with the previous year. According to the experts, this proves the fact that the country remains attractive for the foreign investors, in spite of the forecasts, expecting a weakening of the investments’ flow, as a result of the global financial crisis and the more complicated conditions for financing and reassessment of the risk. |
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19 February 2008 |
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