Foreign Investments in Belarus Reported Down by 12.7%
2.08.2012 / 9:43
Russian remains major investor followed by the UK.
Foreign investment in the Belarusian economy except the banking sector amounted to $7 billion in the first half of 2012, 12.7% less than in the H1, 2011, the National Statistical Committee reported (Belstat).
40% of the foreign investments are reported to come from Russia, 30.8% from the United Kingdom, 5.8% from Cyprus and 4.8% from Austria.
Gross foreign investments accounted 78.8% of all foreign investments. The dept instruments became the major tool of attracting foreign investments which accounted for 89.2% of all foreign investment. Indebtedness in payments for goods and services in the first half of 2012 totaled to $4.7 billion, 2.1 percent more than in the first half of 2011, Belstat informed.
Transportation accounted for 28.9% of the investment, the industrial sector for 20.6%, the trade and public food services sector for 43% and the ‘general commercial activities’ sector of the economy for 3.6%.
Direct investment increased to account for 61.3% of all foreign investment.
Other foreign investment received by Belarus’ organizations decreased by 35.6% in the first half of 2012 to total $1.5 billion, or 21.6%of the total amount of foreign investment.