December 04, 2008

FDI in 9 months in Russia up by 52% YoY

RIA Novosti citing Russia top statistics body reported that accrued foreign investment in Russia increased 52.2%YoY in January to September 2007 to USD 197.8 billion.

The State Statistics Service said "In January to September 2007, foreign investment in the Russian economy totaled USD 87.9 billion or 150% more than in the same period last year. It said loans from international financial institutions, trade credits and other repayable investments accounted for the largest part of foreign capital invested in the Russian economy in the reporting period 53.5% followed by direct investment 44.4% and portfolio investment 2.1%.”

The statistics service said Russia's main investor countries in the first nine months of 2007 included Great Britain, the Netherlands, Cyprus, Luxembourg, Switzerland, Ireland, France, Germany and the United States accounting for 85.5% of the value of accrued foreign investment and 84.4% of the value of accrued direct investment.

The World Bank said in a report that Russia's economy is now growing at maximum capacity, boosted by high global energy prices and a strong inflow of foreign capital.