Foreign investment statistics released

The amount of accumulated foreign capital in the Russian economy reached $53.6bn at the end of September 2003, which was 34.7 percent more than in the corresponding period of 2002, the Russian State Statistics Committee reported today. The share of credits of international financial organizations and trade credits in the structure of the accumulated foreign capital was 51.7 percent, against 47.8 percent at the end of September 2002. The share of direct investments was 46.2 percent (48.7 percent in 2002) and the share of portfolio investments was 2.1 percent (3.5 percent).

Major investors were Germany, the USA, Cyprus, Great Britain, France and the Netherlands. Their share in the structure of the accumulated foreign investments was 70.8 percent.

In particular, the share of Germany was 19.6 percent ($10.503bn), Cyprus 14.1 percent ($7.582bn), Great Britain 12.2 percent ($6.519bn), the USA 10.9 percent ($5.85bn), France 7 percent ($3.737bn), the Netherlands 6.2 percent ($3.323bn) and Luxemburg 5.7 percent ($3.37bn).