INVESTMENT NEWS
The Foreign direct investment in Bulgaria for 2013 amounted to EUR 1229.4 million
According to preliminary data, the foreign direct investment in Bulgaria for January - December 2013 increased by EUR 1229.4 million. The attracted equity capital for the period amounted to EUR 953.4, the receipts from real estate investments of non-residents amounted to EUR 141.1 million, the other capital, net was positive, amounting to EUR 136 million the reinvested earnings in were estimated at EUR 140.1 million.
By branch, the largest investments for 2013 were in transport, storage and communication (EUR 428.7 million), wholesale and retail trade and, repair (EUR 328.2 million) and manufacturing (EUR 272.6 million).
By country, the largest direct investments in Bulgaria in 2013 were those from the Netherlands (EUR 602.9 million) and from Luxembourg (EUR 200.4 million).
Projects for at least BGN 1 billion will be implemented in Bulgaria in 2014, Bulgarian Investment Agency (BIA) Executive Director Svetoslav Mladenov told Focus Agency.
Within this year, investment projects will be realized in companies like Devnya Cement, Trakya Glass Bulgaria, ABB Bulgaria, Hella - Behr TERMOKONTROL, Liebherr Hausgeräte, Marica EOOD and others, he informed.
Also, a new plant for cable equipment for cars is expected to be operational by the end of the year in Pleven, the head of BIA revealed . Global automotive supplier Nexsans Autoelektrik will produce equipment for cable cars through its subsidiary wiring Bulgaria. Made in Pleven parts will be for companies such as Daimler, General Motors and others.
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