Germany becomes Russia's largest foreign investor in 2015

In 2015, Germany became the largest provider of direct investment in Russia. The number of projects that Germany launched in Russia in 2015 exceeded the figures of 2014 twice, a report from EY audit company said.

In 2015, as many as 201 foreign investment projects were launched in Russia against 125 a year earlier. Of that amount, 171 investment projects account for the sphere of production. As a result, 96 percent of all the jobs that appeared in Russia in 2015 fell for manufacturing industries.

According to the Central Bank of the Russian Federation, direct investment from Germany to Russia quadrupled from $350 million in 2014 to $1.42 billion.

Germany's success on the Russian market is based on the ability of German businesses to learn to work in difficult situations, chairman of the board of the German-Russian Chamber of Commerce Matthias Schepp said. "German companies started localizing their production earlier than others, which allowed some of them to export their production from Russia," he added.

In addition to Germany, the top five of Russia's foreign investors includes France, Italy, China, and, oddly enough, the United States.


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Author`s name: Editorial Team