Business news from Ukraine

Business news from Ukraine

FOREIGN DIRECT INVESTMENT IN UKRAINE GROWS BY $0.69 BLN IN 2018

3 March , 2019  

Foreign direct investment (FDI) in Ukraine as equity capital as of late 201, was $32.29 billion, which was 2.2%, or $0.69 billion, up on the beginning of the year, the State Statistics Service of Ukraine said. According to the retrospective data, which the authority also announced, the inflow of FDI last year exceeded the figure for 2017, when it amounted $0.38 billion, whereas before this, for three years, FDI fell by a total of $22.47 billion.
In 2018, nonresidents increased investment in Ukraine by $2.87 billion, while disinvesting $0.97 billion, it said. Some $1.22 billion FDI was written off due to the change of the cost and the exchange rate, losses and reclassification.
This is slightly better than in 2017 when residents increased investment in Ukraine by $2.51 billion and disinvested $0.76 billion.
According to previously published data, quarterly inflows of FDI in Ukraine last year were recorded in the first and fourth quarter, $1.15 billion and $0.32 billion respectively, while in the second and third quarters their outflow was recorded – $0.66 billion and $0.12 billion respectively.
The Netherlands was the leader in FDI in 2018 – $951.5 million or more than one third of all investment, followed by Russia and Cyprus – $495.6 million and $477.6 million respectively.
FDI from Austria accounted for $203.7 million, France – $110.9 million, the U.K. – almost $98.7 million, and from Poland – $90.6 million.
Nonresidents invested $1.215 billion in financial and insurance activities, or 42.3% of all FDI, $599.4 million in wholesale and retail trade, $405.3 million in transactions with property, $302.1 million in industry and $119.4 million in IT and telecom.