Fri, 03/05/2013 - 20:58
– The inflow of foreign direct investments into the Belarus economy has increased, the press service of the Belarus government told BelTA.
In January-March 2013 Belarus received $1.14 billion in net FDI (without taking into account amounts owed to direct investors for goods and services). The figure constitutes over half of the annual target (56.8%) set by Council of Ministers resolution No. 1021 of 6 November 2012 and is slightly lower than the entire amount of FDI received in 2012 ($1.38 billion).
Private business is most active in cooperation with foreign investors, with $957.5 million or 84.2% of the net FDI attracted.
An increase in net FDI has been registered in all the oblasts and the city of Minsk. In January-March 2013 Gomel Oblast received 4.6 times more net FDI than it did in the same period of last year. The increase registered in Minsk Oblast was 3.6 times, the city of Minsk 2.2 times, Vitebsk Oblast 2.1 times, Grodno Oblast 1.9 times, Mogilev Oblast 1.7 times, and Brest Oblast 1.3 times. The high rate of investments allowed Gomel Oblast to reach the annual goal as early as Q1 2013, said the press service.
Investors were more interested in the processing industry, with the industry getting $463.4 or 40.8% of the total net FDI. Wholesale trade (apart from automobile trade) attracted $203.1 million (17.9%), transportation $134.1 million (11.8%), real estate operations $75.1 million (6.6%).
Investments from Russia rose by 3.8 times to $454.8 million, 40% of the total net FDI. Investments from the European Union rose by 2.1 times to $477 million or 42% of the total volume.
source: http://news.belta.by/en/news/econom?id=714455
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