Belarus second in CIS in terms of number of investment deals

MINSK. September 11. KAZINFORM The Center for Integration Studies of the Eurasian Development Bank (EDB) has published a yearly monitoring of mutual investment in the CIS member states in 2013, reads the EDB website.
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According to the report, Belarus, despite relatively low amount of the FDI in the region, ranks second on the list of the CIS countries with the biggest number of investment deals. Such result was made possible thanks to the creation of Belarusian companies' distribution network and the development of service centers for products of the Belarusian machine-building industry.

Accumulated mutual FDI in the CIS countries and Georgia total almost $54 billion, up 32% in the last three years.

The share of the FDI in the Customs Union (CU) is $22.7 billion, or 42% of the total amount of mutual FDI in the CIS and Georgia. The intensity of mutual investment within the CU, according to the report, can be significantly increased bearing in mind that the total GDP of Belarus, Kazakhstan and Russia corresponds to 87% of the GDP in the CIS.

The Russian companies are the most active investors in the CIS. In 2012 they invested 82.7% of the accumulated amount of the FDI ($44.5 billion). The second biggest investor in the region is Kazakhstan ($5.61 billion) which is followed by Ukraine ($1.57 billion) and Azerbaijan ($1.55 billion). Belarus is the next on the list, BelTA reports.

In terms of sectoral structure telecommunications account for the largest amount of mutual FDI (16%), followed by extraction of raw oil and natural gas (12%), transportation and selling of gas (11%), banking sector (8%) and electrical power industry (7%). Among the CU member states transportation and selling of gas ranks first because of the Russian FDI in Belarus.

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