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    Investment figures for Russia rise in 1Q06 - report

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    The Federal State Statistics Service announced Friday significant year-on-year increases in investment figures for Russia in the first quarter of 2006, with a 46% rise in foreign investment and a 57.4% in overseas investment.

    MOSCOW, May 19 (RIA Novosti) - The Federal State Statistics Service announced Friday significant year-on-year increases in investment figures for Russia in the first quarter of 2006, with a 46% rise in foreign investment and a 57.4% in overseas investment.

    Foreign investment in Russia in 1Q06 stood at $8.8 billion and Russia's investment abroad in the same period aggregated $10.1 billion.

    Accrued foreign investment totaled $113 bln at the end of the reporting period, a 33.7% increase year-on-year.

    Loan investment accounted for 51% of a total foreign investment, whereas the share of foreign direct investment (FDI) was 47.7%, up from 44.5% last year. The share of portfolio investments was 1.6%, down from 1.9% in the same period last year.

    Eight countries - India, Cyprus, Germany, the United Kingdom, Luxembourg, Switzerland and the United States - accounted for 83.2% of accrued foreign investment, with their share of FDI reaching 84.9%.

    The service said Russia's investment abroad in the first three months stood at $10.1 billion and accrued overseas investment at $7.9 bln, including $3.67 bln in FDI, $494 mln in loans, and $3.7 bln in portfolio investment.

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