Bulgaria Sees Stronger Foreign Investment Inflows in 2025

Jerusalem, 19 February, 2026 (TPS-IL) -- Sofia (BTA) – Foreign direct investment in Bulgaria increased by 14.2 percent year-on-year to EUR 3.261 billion by the end of December 2025, according to preliminary data from the Bulgarian National Bank. For comparison, the net flow of direct investment in the country in 2024 was also positive, reaching EUR 2.856 billion, or EUR 405 million less than the current result.

The amount of direct investment in the country for the period January-December 2025 is equal to 2.8 percent of the estimated gross domestic product, compared to 2.7 percent in 2024.

Specifically, in December, the net flow of direct investments into Bulgaria was positive at EUR 383.2 million, compared to a positive flow of EUR 176.6 million in the same month of the previous year, 2024.

The BNB’s data on the net flow of direct investment in the country are preliminary and subject to subsequent revision, which may change the current result.

The largest net positive flows of direct investment in the country for the period January – December 2025 are from the Netherlands (EUR 635.9 million), Greece (EUR 476.9 million) and Italy (EUR 315.5 million), and the largest net negative flows are to Malta (EUR 257.3 million) and the USA (EUR 216.5 million).

The net flow of foreign investment in real estate is negative at EUR 19.7 million (including a negative flow of EUR 21.1 million to Russia), with a negative net flow of EUR 15.3 million for January – December 2024.

Share capital (transferred/withdrawn cash and in-kind contributions of non-residents to/from the capital and reserves of Bulgarian companies, as well as receipts/payments on real estate transactions in the country) is positive and amounts to EUR 119.7 million for January – December 2025. It is EUR 53 million higher than that for January – December 2024, which is positive at EUR 66.8 million.

According to preliminary data, the article Reinvestment of profit (showing the share of foreign investors in the company’s current profit or loss based on accounting data on the financial result) is positive and amounts to EUR 3.694 billion, with a positive value of EUR 2.744 billion for January – December 2024.

The net flow under the sub-item Debt instruments (the change in net liabilities between companies with foreign participation and direct foreign investors on financial, bond and trade credits) is negative and amounts to EUR 552.6 million, with a positive value of EUR 45.5 million for January – December 2024.

According to preliminary data, the net flow of direct investments abroad for January-December 2025 amounted to EUR 377.4 million (0.3 percent of GDP), compared to EUR 633.4 million (0.6 percent of GDP) for the same period of the previous year. In December 2025, the net flow was positive and amounted to EUR 24 million, compared to a negative value of EUR 74.4 million for December 2024.