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Tuesday, 11 February 2014

Foreign investment in Belarus’ economy at $15bn in 2013

MINSK, 11 February (BelTA) – In 2013 a total of $15 billion in foreign investment was put in the Belarusian economy (except banks), up 4.5% on 2012, BelTA learnt from the National Statistics Committee of Belarus.

MINSK, 11 February (BelTA) – In 2013 a total of $15 billion in foreign investment was put in the Belarusian economy (except banks), up 4.5% on 2012, BelTA learnt from the National Statistics Committee of Belarus.

The main investors in Belarusian organizations were corporations of Russia (48.6% of the total foreign investment), the United Kingdom (21.4%), Cyprus (7.1%), the Netherlands (4.9%), Austria (3.4%). Most of the investments were channeled into trade (34.8%), transportation (28.6%), and manufacturing (23.4%).

According to the National Statistics Committee, gross FDI accounted for 74% of the received foreign investments. Gross FDI rose by 7% from 2012. The investments mainly came as debt instruments (80.8% of the total FDI). Accounts receivable for products, work, and services totaled $8.2 billion in the gross FDI in 2013, down 5.9% on 2012.

Last year the bulk of the gross FDI went into trade (41.4%), transportation (37.6%), and manufacturing (11.1%).

Bearing in mind accounts receivable for products, work, and services Belarus received considerable FDI from Russia (52.5% of the total FDI), the UK (25.3%), Cyprus (6.8%), and Austria (2.2%).

Other foreign investments (from sources other than direct investors) amounted to $3.9 billion, down 1.8% from 2012. Their share was 25.9% of the gross foreign investment.

The city of Minsk received as much as 74.1% of foreign investments in 2013. Gomel Oblast accounted for 8.1% of the gross foreign investments, with the share of Minsk Oblast stood at 6.8%.

Written by belta.by

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