More investment in Russian economy
Aug 18, 2004
Foreign investment in the Russian economy in the first half of 2004 totaled $19bn, 49.9 percent more than in the same period last year. Foreign direct investment in Russia was $3.427bn, up 35.3 percent compared to Jan.-June 2003. Foreign portfolio investment was $129m, 3.4 times more than last year.
Other investments were $15.427bn, 52.9 percent more than in the first half of 2003. Foreigners invested $10.25bn in manufacturing in the first six months of 2004, $6.113bn - in trade and public catering, and $468m - in the sphere of finance, loans, insurance and pension provision, according to the Federal State Statistics Service.
The main investors in the Russian economy remain Germany, the United States, Cyprus, Great Britain, France and the Netherlands. These countries account for 68.6 percent of the total foreign investment in Russia.
$5.327bn was invested in the Russian fuel industry in the first half of 2004, including $1.544bn in direct investment, and $1m in portfolio investment. Investment in Russia's electricity sector totaled $24m, including $100,000 in direct investment and $24m in portfolio investment.
Investment in the chemical and oil and chemical industries totaled $312m, including $67m in direct investment and $17m in portfolio investment.
Other investments were $15.427bn, 52.9 percent more than in the first half of 2003. Foreigners invested $10.25bn in manufacturing in the first six months of 2004, $6.113bn - in trade and public catering, and $468m - in the sphere of finance, loans, insurance and pension provision, according to the Federal State Statistics Service.
The main investors in the Russian economy remain Germany, the United States, Cyprus, Great Britain, France and the Netherlands. These countries account for 68.6 percent of the total foreign investment in Russia.
$5.327bn was invested in the Russian fuel industry in the first half of 2004, including $1.544bn in direct investment, and $1m in portfolio investment. Investment in Russia's electricity sector totaled $24m, including $100,000 in direct investment and $24m in portfolio investment.
Investment in the chemical and oil and chemical industries totaled $312m, including $67m in direct investment and $17m in portfolio investment.