Annual data


Foreign direct investments - Foreign direct investments in the non-financial sector as of 31st of December
Contact
Contact organisation

National Statistical Institute

Contact organisation unit

"Annual business statistics" Department

Contact name

Anelia Viharova

Contact person function

Chief expert

Contact mail address

2, P. Volov Str.; 1038 Sofia, Bulgaria

Contact email address

[email protected]

Contact phone number

+359 2 9857 129

Contact fax number
Metadata update
Metadata last certified21 February 2018
Metadata last posted21 February 2018
Metadata last update21 February 2018
Statistical presentation
Data description

The FDI statistical survey in the non-financial sector provides information for the share of foreign owners in the equity capital and the inter-company debt transactions (loans) between the foreign direct investor and the investment enterprise - total and by countries of the foreign investors.

Classification system

· Classification of Economic Activities (CEA-2008, for international use NACE.BG-2008) - in force since 2008;

· National Classification of Economic Activities (NCEA-2003, for international use NACE.BG-2003) - for the period 2002 - 2007;

· Classification of territorial units for statistical purposes in Bulgaria (NUTS) - (version 14.02.2009 and 19.06.2006);

· Nomenclature of the countries and territories by statistical purposes.

Sector coverage

The FDI statistical survey is annual, exhaustive and covers the non-financial enterprises in which the foreign direct investor owns from 10 to 100% shares in the equity capital, with a lasting interest and significant degree of influence on the management. The annual statistical questionnaire provides information on the volume of foreign direct investments as of 31.12 of the reference year.

Statistical concepts and definitions

The statistical questionnaire contains indicators, characterizing:

  • The share of foreign owners in the equity capital;
  • The long and short-term inter-company debt transactions (loans) between foreign direct investor and investment enterprise (unpaid part of liabilities and trade credits both from direct investor to investment enterprise and from investment enterprise to direct investor are included);
  • Net operating profit for the reference year;
  • Distributed profits during the reference year;

The data on each indicator are shown as a total for the enterprise and separately for the foreign share, broken down by countries of the foreign investors.

The total volume of the foreign direct investments in the non-financial sector as of 31.12 of the reference year is formed as a sum of the foreign direct investments in the non-financial enterprises.

The volume of the foreign direct investment in the investment enterprise is defined as a sum of:

  • The foreign share in the equity capital of the enterprise;
  • Plus the amount of the unpaid part of long and short-term loans and trade credits granted by the foreign investor to the investment enterprise as of 31.12. of the reference year;
  •  Minus the amount of unpaid part of the long and short-term loans and trade credits granted by the investment enterprise to the foreign investor as of 31.12. of the reference year.
Statistical unit

Units of the statistical survey are the non-financial enterprises - residents of the Bulgarian economy in which the foreign direct investor owns from 10 to 100% shares in the equity capital with a lasting interest and significant degree of influence on the management.

Statistical population

The FDI statistical survey is exhaustive and statistical population is made up of all non-financial enterprises in which the foreign direct investor owns from 10 to 100% shares in the equity capital for the period 2000 - the last reference year.

Reference area

The data refer to the activities of non-financial enterprises in which the foreign direct investor owns from 10 to 100% shares in the equity capital, carried out in the country.

Time coverage

2000 - the last reference year.

Base period

Not applicable.

Unit of measure

From 2000 to 2006 - thousand USD, since 2007 - thousand EURO

Reference period

Calendar year

Institutional mandate
Legal acts and other agreements

European legislation:

· "Balance of Payments Manual of the International Monetary Fund", Fifth Edition, 1993;

· "The Benchmark Definition of Foreign Direct Investment", Organization for Economic Cooperation and Development (OECD), 3rd edition 1996;

· "Recommendation Manual on the Production of Foreign Affiliates Statistics", Eurostat, 2007.

Bulgarian legislation:

  • Law on Statistics;
  • National Statistical Programme;
  •  Accounting and tax legislation.
Data sharing

The data are exchanged under signed agreements, ensuring protection of the confidential information.

Confidentiality
Confidentiality - policy

Regulation (EC) N 223/2009 of 11 March 2009 defines common criteria for protection of confidential data and methods for sending the information to and its use by Eurostat. The Law on Statistics ensures the protection of statistical confidentiality and the use of individual data of enterprises for statistical purposes only.

Confidentiality - data treatment

The individual (primary) data are confidential according to the Law on Statistics and European legislation. To ensure their protection and inability to be identified, the aggregated indicators are also defined as confidential when:

· Criterion A - the indicator is calculated from one or two enterprises;

· Criterion B - one enterprise forms 85% or more of the total value of this indicator.

Release policy
Release calendar

The data are published in accordance with the deadline specified in the Release Calendar presenting the results of the statistical surveys carried out by the National Statistical Institute.

Release calendar access

The calendar is available on the NSI website: http://www.nsi.bg/en/node/480

User access

Data are published on the NSI website and are available to all users of statistical information.

Frequency of dissemination

Yearly

Accessibility and clarity
News release

Regular press release for the preliminary data on foreign direct investments in the non-financial sector as of 31.12st of the reference year.

Publications
  • Statistical Yearbook;
  • Regions, districts and municipalities in the Republic of Bulgaria.
On-line database

Data on Foreign direct investments in the non-financial sector as of 31st of December are available to all users of the NSI website under the heading Statistical data - Business statistics - Investments - Foreign direct investments: http://www.nsi.bg/en/content/6192/annual-data

 

Micro-data access

Not available.

Other

Information service on request, according to the Rules for dissemination of statistical products and services of NSI.

Documentation on methodology

The requirements of the international standards for direct foreign investments set in guides of International Monetary Fund, OECD and Eurostat for definition of enterprises under international control and developed statistical methodology: http://www.nsi.bg/sites/default/files/files/metadata/Investments_Method_1.2_en.pdf

Quality documentation

Not applicable.

Quality management
Quality assurance

This includes the improvement of the on-line based information system 'Business statistics', which ensures strict arithmetical and logical input control. The additional output control is made when are registered differences between the definite ultimate owner from annual report and this one, indicated in EuroGroups Register.

Quality assessment

This is made in accordance with the standard criteria for assessing the quality - relevance, accuracy and reliability, timeliness, comparability and coherence.

Relevance
User needs

The main users of SBS data are:

· Eurostat and other international organisations;

· Interested state institutions under signed agreements;

· Research institutes, universities, economic analysts and students;

· Private non-governmental organisations, agencies, associations, media, etc.;

· Directorates and departments in the NSI.

User satisfaction

There has been no study of user satisfaction, but no cases of outstanding requests for information are registered.

Completeness

Full compliance with the Bulgarian and the European legislation.

Accuracy and reliability
Overall accuracy

Information on the calculation of foreign direct investment is based on the annual accounts of non-financial enterprises, as full coherence of the input data is provided.

Sampling error

The FDI survey is exhaustive and there are no sampling errors.

Non-sampling error

Not applicable.

Timeliness and punctuality
Timeliness

The deadlines for the publication of FDI data are t+11 months for the final data, where t is the reference year.

Punctuality

The deadlines under item 15.1 are strictly followed.

Coherence and comparability
Comparability - geographical

For the country data are comparable.

Comparability - over time

The comparability of the data is limited by the use of different classifications of economic activities (NACE.BG-2008 and NACE.BG-2003), if there is a difference in the scope of the activity and currency used.

Coherence - cross domain

Not applicable.

Coherence - internal

Not applicable.

Cost and burden

NSI of Bulgaria is making extraordinary efforts to reduce the respondents' burden. An example is the signed agreement called "Single Entry Point" between NSI and the National Revenue Agency for a single providing of the annual reports and using the data from both institutions. Developed by NSI on-line based information system "Business Statistics" and ensured methodological and technical assistance to respondents during the reporting campaign are highly appreciated by respondents and help to reduce their workload.

Data revision
Data revision - policy

The National policy, as well as Eurostat's, allows the revision of already published data if there are serious reasons.

Data revision - practice

The revised data replace the already published data as soon as possible after the revision is made.

Statistical processing
Source data

Information on the foreign direct investments comes from "Reference for foreign direct investments as of 31.12 of the reference year", included in the annual report of non-financial enterprises. The sources of the data are the accounting records of the enterprises.

Frequency of data collection

Yearly

Data collection

The statistical survey is exhaustive and covers the non-financial enterprises in which the foreign direct investor owns from 10 to 100% shares in the equity capital.

Data validation

Data validation is made by additional logical input control and comparison between the output data and the results of the previous year and other surveys, carried out by NSI.

Data compilation

The survey is exhaustive and further data evaluation is not made.

Adjustment

Not applicable.

Comment
Metadata Structure Definition in SDMX 2.1: ESMS_MSD+BNSI+2.0+SDMX.2.1.xml
Metadata Structure Definition in SDMX 2.0: ESMS_MSD+BNSI+2.0+SDMX.2.0.xml
  • Foreign direct investments in non-financial enterprises as of 31.12 by economic activity groupings
  • Foreign direct investments in non-financial enterprises as of 31.12 by statistical regions and districts
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