Foreign investment in Belarus up 4.4% in H1

In H1 2010 foreign investment in the Belarusian economy reached $4.4 billion, up 4.4% over the same period last year, the National Statistics Committee stated.

In January-June major investors were economic entities of Russia (71.5% of foreign investment), Austria (9.3%), the Netherlands (5.9%), Cyprus (3.8%), Great Britain (3.5%). The manufacturing industry received 23.2% of the total investment. The share of investment in transport made up 50.7%, trade and public catering 15.6%.

Foreign direct investments (FDI) accounted for 60.2% of the aggregate foreign investment. FDI increased by 7.2% over H1 2009 to make up $2.6 billion. An estimated 92% of FDI came from the residents of Russia. The United Kingdom and Cyprus accounted for 1% each, Latvia – 0.8%, China and Germany – 0.7%, the USA – 0.6%.

The biggest share of FDI was injected into transport development (75.8%), trade and catering (15.4%), industry (4.7%).

The country used only 42%, or $1.8 billion, of the attracted foreign investments in H1.

A reminder, Council of Ministers’ Resolution No 169 on the investment activity in the Republic of Belarus in 2010 set forth a task to raise a total of $3384.8 million in foreign investments in 2010. Foreign funds were to make up $2168 million in capital investment. Resolution No 1184 passed by the Council of Ministers on 11 August 2010 revised these indices upward to $4937.6 million and $2770.6 million respectively. A list of investment projects slated for the implementation in 2010 includes 462 projects.

In January-July 2010 capital investment and investment in construction made up Br25.342 trillion, up 5% over the same period a year ago, according to the National Statistics Committee.

Belarus has been implementing over 60 big investment projects this year, with more than Br2.8 trillion of investment to be attracted for these purposes.

According to Belarusian portal