Capital Investments to Ukraine Increase 29%

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Capital Investments to Ukraine Increase 29%

PR Newswire KYIV, Ukraine, August 31, 2012

KYIV, Ukraine,August 31, 2012/PRNewswire/ --

Capital investment toUkrainegrew by 29.1 percent over January -June 2012, compared to the same period of 2011, reports the State Statistics Service ofUkraine. Total amount of investment reachedEUR 11.2 billion. Given the available data on the volume of foreign investment into neighboring countries,Ukrainemay become the largest foreign investment recipient in the region over the listed time period.

Foreign direct investment toUkrainecame mostly fromWestern Europe- Germany,the Netherlands,Austria,France, and the UK.CyprusandRussiaalso made notable contribution into Ukrainian economy. Most investment assets went into machines and equipment, as well as into infrastructure development and real estate. As toUkraine'sIT sector - investments into intangible assets prevailed. Comparably, foreign investment to neighboringBulgariain the first six months of 2012 amounted toEUR 221 million, informshomeforyou.bg. Compared to 2011, the increase neared 13 percent. Over half of the investment flow went into real estate, production and distribution of energy and water.The Netherlands,Switzerland, andRussiawere the largest investors toBulgaria. Another country in the region with reported foreign investment growth during the period wasTurkey. Its investment inflow during the first six months of 2012 was 21 percent. The actual volume of investment intoTurkeyequaledUSD 8.2 billion. Most of it came from the EU. Poland'sFDI flow in the first six months of 2012 was negative, with divestment reachingEUR 699 million. Notably, in January -June 2011FDI inflow toUkraine's neighbor exceededEUR 5 billion. DespiteUkraine'scapital getting over a quarter of all foreign investment in the first six months of 2012,Kyivwas not the most successful Ukrainian city on the lists of the most cost effective investment destinations inEurope, released by Financial Times' fDi Intelligence Unit inFebruary 2012. The western Ukrainian city of Ternopil ranked as the best European city for cost effectiveness. While data analysis for the first half of 2012 is still pending, last yearUkraine became the leader among the CIS countries in the foreign direct investment growth, according to theJuly 2011United Nations trade and development body annual report on global foreign direct investment. The growth reached 35 percent.