[lbo-talk] Foreign investment in Russia rises 51.3% in H1

Chris Doss(RJ) chrisd at russiajournal.com
Thu Aug 14 05:24:13 PDT 2003


Foreign investment in Russia rises 51.3% in H1

MOSCOW. Aug 13 (Interfax) - Foreign investment in Russia totaled $12.66 billion in the first half of 2003, up 51.3% year-on-year, the State Statistics Committee reported Wednesday.

Foreign direct investment totaled $2.53 billion, or 20% of the total, and was up 35.3% from the first half of 2002. Investment of $862 million went into capital (6.8%, an increase of 8.7%), $862 million in loans received from foreign co-owners (6.8%, up 12.7%), and $798 million in other direct investment (6.3%, up 170%).

Foreign portfolio investment amounted to $38 million (0.3% of the total, down 81.1% on the first half of 2002), including $36 million in stocks and shares, down 67.3%, and $2 million in company debt instruments, down 98.1%.

Most of the foreign investment in the first half came from Germany ($3.14 billion), Britain ($2.05 billion), Cyprus ($1.57 million), Virgin Islands ($1.06 billion), Switzerland ($643 million), the Netherlands ($692 million), the United States ($458 million), and France ($406 million).



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