Foreign Investment in Pskov Region Falls Below USD 4 Million in 2002

According to the Pskov Region's state statistics committee, foreign investment in the non-financial sector of the region's economy in 2002 totalled USD 3,936,800. This represents a fall of over USD 1 million from the previous year, when investment was worth USD 5.17 million. Of total investment in 2002, 53.2% were direct investments, 4.8% portfolio investments, and 42% other investments. USD 2,752,900 of this investment was in dollars and the rest in roubles.

According to the Pskov regional administration's investment policy department, the largest share of investment (72.8%) was in industry. Other sectors of the economy received the following share of investment: retail and food outlets - 8%; wholesale and retail trade in manufacturing equipment - 7.9%; transport - 4.4%; real estate - 2.8%.