Goskomstat representatives said that by the end of 2003, foreign capital in the Russian economy totaled over $57 billion, which is 32.8% higher than the same period last year.
More than half of this capital (52.7%) is compensated investments - credits granted by international financial organizations, trade credits, etc. Their share amounted to 49.2% by the end of 2002. As for direct investments, their share dropped from 47.4% to 45.8%.
The main investors remain Germany, the United States, Cyprus, Great Britain, France and the Netherlands. They accounted for 68.7% of accrued investments and 68.2% of direct foreign investments in Russian economy in 2003.
The branch distribution of foreign capital in Russian economy at the end of 2003 is as follows: 39.4% in industry; 31.3% in trade and food; 7.4% in communications; 5.1% in transportation; 1.9% in finance, credit accommodation, insurance and pension fund schemes; 1.2% in construction; and 0.5% in agriculture. - 0 - (MAN/SM)