Source Pravda.Ru

Foreign investments into Moscow region were $167m in first half of 2002

The total volume of foreign investments into the Moscow region was $167.2min the first half of 2002 (including ruble investments recalculated in USdollars), according to the official data of the Moscow regionaladministration, an increase of nearly 100 percent as compared to the firsthalf of last year. Industry accounted for the larger part of foreigninvestments into the Moscow region in the first half of this year (80percent). Other fields of foreign investors' interests in January-July 2002were: transport infrastructure, retail trade, restaurants, housing andcommunal facilities and health care. Among the countries that made investments into the Moscow region in thefirst half of this year Germany was leading ($40.4m) followed by Cyprus($34.3m) and Netherlands ($26.8m). These three countries accounted for 60percent of all foreign investments into the Moscow region in the first halfof this year. The Mytishchi district of the Moscow region was the leader interms of the volume of attracted foreign investments - $29.2m or 17.5percent of the overall investment volume. As RosBusinessConsulting earlierreported, the Moscow region is planning to attract up to $800m in foreigninvestments in 2002-2003. .