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Expats Remain Bulgaria's Biggest 'Foreign Investor'
EXPATS REMAIN BULGARIA'S BIGGEST 'FOREIGN INVESTOR'
Date: 17/03/2013
Source: novinite.com

In January 2013, Bulgarians abroad have wired to their homeland twice more funds than the foreign direct investments, according to flash estimates released by the Bulgarian Central Bank, BNB.

In January 2013, Bulgarian emigrants have sent to relatives and friends EUR 59 M, compared to EUR 31.4 M (0.1% of GDP) from foreign direct investments.

The above amount is strikingly down (by EUR 295.1 M, a difference close to 90%), compared to the increase of EUR 326.5 M (0.8% of the Gross Domestic Product, GDP), for January 2012.



Topic: Politics



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Sofia Subway was launched in January 1998 and is the first and only network of this kind in Bulgaria. The largest streams of passengers now are reaching up to 40,000 people during rush hour. After the completion of the subway system, it will have 47 stations and capacity of more than 1,000,000 passengers per day.

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