Foreign investment in Russia grows
Jul 17, 2002
The stock of foreign investment in the Russian economy was $34.4 billion as of the end of March 2002, up 8% year-on-year, the Economic Development and Trade Ministry said in a report for Thursday's cabinet meeting.
Foreign investment inflows were up 39.4% year-on-year to $3.8 billion in the first quarter of 2002.
Direct investment made up 50% of the stock of foreign investment, while portfolio investment accounted for 4%.
The biggest investors in Russia were Germany, Cyprus, the United States, Britain, France and Italy. These countries accounted for 78% of all foreign investment in Russia.
In the quarter, the most foreign investment went into industry, trade and catering.
Foreign investment inflows were up 39.4% year-on-year to $3.8 billion in the first quarter of 2002.
Direct investment made up 50% of the stock of foreign investment, while portfolio investment accounted for 4%.
The biggest investors in Russia were Germany, Cyprus, the United States, Britain, France and Italy. These countries accounted for 78% of all foreign investment in Russia.
In the quarter, the most foreign investment went into industry, trade and catering.