Big increase reported in foreign investment in Russia Interfax
Moscow, 12 November: The Russian economy [had] received a total of 39,802m dollars in foreign investments by the end of September 2002. This was 15.6 per cent higher than on the same date a year previously, the State Statistics Committee said.
In the first nine months of 2002, Russia received 12,905m dollars in new foreign investment, while 8,293m dollars in foreign capital left the country.
The stock of foreign capital in Russian industry was 15,572m dollars on 1 October; that in commerce and catering 11,948m dollars (of which 8,565m dollars in foreign trade); communications 3,812m dollars; transport 2.57bn dollars; advertising and PR 2,376m dollars; construction 565m dollars; finances, banking, insurance and pensions 426m dollars; wholesale industrial
goods 331m dollars; administration 261m dollars; housing and utilities 244m dollars; agriculture 175m dollars and tourism 14m dollars.
The State Statistics Committee said 48.7 per cent, or 19,388m dollars of the
total foreign investment, was direct investment; 3.5 per cent or 1,386m dollars portfolio investment; 47.8 per cent or 19,028m dollars other investment in the form of loans by international financial organizations, trade credits and the like. At the end of September 2001, these proportions were 51.6 per cent, 3.1 per cent and 45.3 per cent respectively.
Most of the cumulative investment came from Germany (6,839m dollars), the USA (5,483m dollars), Cyprus (5,158m dollars), Britain (4.81bn dollars), France (3,393m dollars), the Netherlands (2,807m dollars) and Italy (1,511m dollars), which between them accounted for 75.4 per cent of the total, including 74.3 per cent of the direct investment.