Foreign investments in Russian timber sector reached $705 million in first 9 months of 2004

Foreign investments in Russian timber sector reached $705 million in first 9 months of 2004, including direct investments – 34.9%, portfolio investments – 0.4%, other investments – 64.7% The two main leading investors were Swiss ($196 million) and Cypriot ($137 million) companies.

 

In late September 2004, accumulated foreign capital reached $73.4 billion, up 37.0% compared to the same year-to-date period in 2003. Credits allocated by international organizations, trade credits and other types of investment formed the major part of accumulated foreign capital – 57.5% (51.7% in the same year-to-date period in 2003), direct investments – 40.5% (46.2% in 2003), portfolio investments – 2.0% (2.1% in 2003).

 

The main investors in January-September 2004 were: the Netherlands, Luxembourg, Cyprus, Germany, the UK, the USA, France. These countries accounted for 79.7% of the total amount of accumulated foreign investments, including direct investments - 74.3%. In January-September 2004 Russian economy received $29.1 billion of foreign investments, up 39.4% compared to the same year-to-date period in 2003.

 

Foreign investments in Russian industry in Jan-Sept 2004

 

 

 

Lesprom