By: News BG, 10-03-2008 - UK ranks first in the list of the biggest investors in the Bulgarian economy for 2nd year in a row, central bank data shows, Dnevnik a.m. revealed.
Foreign direct investment (FDI) from UK to Bulgaria increased with 23% year-on-year reaching 901,5 million EUR.
It accounts 16% of total FDI inflows, from Dnevnik explained.
The UK marks the significant investment percentage in the Bulgarian property market.
Local real estate experts believe demand for resort properties among British buyers is reaching a standstill.
The biggest share of FDI in 2007 - 37% was absorbed by real estate, property rentals and business services.
Belgium and Luxembourg posted am extreme increase of 446% in FDI in Bulgaria last year (716 million EUR). The investment wave was mainly due to the 295 million EUR acquisition of Bulgaria's EIBank by Belgian KBC which it followed up with the 185 mln euro buy of local insurer DZI, from Dnevnik reminded.
Down the FDI list of Bulgaria in 2007 are the Netherlands (542 million EUR), Austria (475 million EUR), Greece (408 million EUR), Spain (314 million EUR) and Cyprus (198 million EUR).
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