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18 August 2022, 17:27

Net FDI in Belarusian economy up 1.5 times

MINSK, 18 August (BelTA) – The net inflow of foreign direct investment in the Belarusian economy has increased by 1.5 times, BelTA learned from the press service of the Economy Ministry.

“In H1 2022, the Belarusian economy received $4.3 billion of foreign investments. Foreign direct investment (FDI) accounts for the major share (over 88%). Their volume increased by 4.4%. Foreign direct investment on a net basis increased most significantly (by 45.8%). Investors began to reinvest profits more often (an increase of 13.1%), while the volume of debt instruments has decreased significantly (by 14.2%),” the press service said.

The key locations for attracting net FDI are Minsk ($0.87 billion, up 40.7%), Minsk Oblast ($0.29 billion, up 17.3%) and Mogilev Oblast ($0.16 billion, up 2.2 times).

The top countries with the largest share of net FDI are Russia - 22.6% ($387.8 million), Cyprus - 18% ($309.5 million) and the Netherlands - 14.1% ($242.4 million).

In H1 2022 the most attractive kinds of economic activity for direct investing were industry ($0.74 billion or 43.1% of the total), financial and insurance activity ($0.23 billion or 13.5%), wholesale and retail trade, auto service ($0.2 billion or 13%) and construction ($0.17 billion or 10.2%).

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