The Official Karelia
  Русская версияEnglish versionSuomalainen versio
  |About Karelia |Symbols   |Tourism |  Cooperation |

Foreign investments in the economy of Karelia grow

According to the State Committee of Karelia on Statistics, within the period from January to June of 2011 in the economy of Karelia it was invested 92 million dollars from abroad that is 4 times more compared to the same period of the previous year. Matters concern were direct investment, portfolio investment, etc.

Direct investment in the region's economy has made more than 23 million dollars most of which falls on the share of Cyprus (48.2%) and Finland (47.4%).

Other investments have made 68 million dollars, that is 7.8 times more than in the first six months of 2010, and mainly came from Ireland (90.4%).

According to the Local Agency of the Federal State Statistics Service for the Republic of Karelia, among economic activities the most perspective for foreign investments in the first half-year were logging (68.8% of total amount of gained investments) and manufacturing activities (12%).

Investments in Karelia were recieved from 13 countries of the world. The key investors are Ireland, Cyprus and Finland, as more than 90% of the total amount of investments falls to their share.

The CIS countries have invested 481 thousand dollars in the economy of Karelia received by wholesale trade organization from Belarus and Ukraine.

In the first six months of the year foreign investments were allocated in 8 municipal formations of the republic.

96.4% of the received investments were used by organizations mostly to purchase machinery, equipment and tools (60.7%), as well as as a payment for raw materials and supplies (14.2%).

Technical support
Created: September 2, 2010. Last updated: September 2, 2010.
© State Committee of the RK for ICT Development, 1998-2015