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30 августа 2011

DI in Vitebsk Oblast up 4.2 times in H1

VITEBSK, 29 August (BelTA) - In H1 of this year foreign direct investment in the economy of Vitebsk Oblast increased by 4.2 times over the same period last year to a total of $30 million, BelTA learnt from the economy committee of the Vitebsk Oblast Executive Committee. In January-June 2011 the region's economy raised $455.7 million worth of foreign investments, of which 6.6% accounted for foreign direct investment. The main sources were loans, which accounted for 59.4% of total direct investment, and reinvestment (37.5%). A total of $7.4 million was invested in the industrial production, $1.5 million in retail facilities, hotels, and restaurants. The main investors were economic entities of the Russian Federation, which accounted for more than 50% of the total investment, and European countries, which accounted for 43% of the investment. According to the economy committee, 13 investment agreements worth Br250 billion are being studied now. Foreign direct investments to be raised in 2011 are estimated at $114 million, including net investments (debts to investors for goods, works and services not included) that are tentatively estimated at over $50 million.

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