Foreign investment in Russia up 25.2% in H1, stats agency says
Aug 13, 2002
MOSCOW, Aug 12 -- Total foreign investment in Russia rose 25.2% on the year in the first half of 2002 to U.S. $8.368 billion, according to Russian State Statistics Committee's report obtained by Prime-TASS Monday.
However, direct foreign investment fell 25.4% on the year to $1.872 billion.
Portfolio foreign investment in Russia was down 16.7% on the year to $199 million.
All other investments rose 60% on the year to $6.297 billion.
The committee said that $3.596 billion of direct investments went into retail and restaurant industries, and $3.245 billion into manufacturing.
Energy sector was the third-largest receiver absorbing $821 million.
Total accumulated foreign investment into Russia, as of late June 2002 amounted to $38.15 billion, up 12.7% from a year ago, of which $18.579 billion was direct investment, $1.442 billion was portfolio investment and $18.129 billion was other types of investment.
The largest investments came from Germany, the U.S. and Cyprus, with $7.164 billion, $5.356 billion and $4.807 billion of total accumulated foreign investment respectively, the committee said.
However, direct foreign investment fell 25.4% on the year to $1.872 billion.
Portfolio foreign investment in Russia was down 16.7% on the year to $199 million.
All other investments rose 60% on the year to $6.297 billion.
The committee said that $3.596 billion of direct investments went into retail and restaurant industries, and $3.245 billion into manufacturing.
Energy sector was the third-largest receiver absorbing $821 million.
Total accumulated foreign investment into Russia, as of late June 2002 amounted to $38.15 billion, up 12.7% from a year ago, of which $18.579 billion was direct investment, $1.442 billion was portfolio investment and $18.129 billion was other types of investment.
The largest investments came from Germany, the U.S. and Cyprus, with $7.164 billion, $5.356 billion and $4.807 billion of total accumulated foreign investment respectively, the committee said.