Hryvnia devaluation in Q1 cuts FDI in Ukraine by 10.6%, says statistics
Foreign direct investments (FDI) in Ukraine in the form of equity capital as of April 1, 2014 came to $52.18 billion, which is $6.21 billion or 10.6% down compared to the beginning of 2014, the State Statistics Service reported on Thursday.
According to the service, nonresidents invested $570.2 million in January-March 2014 and withdrew $468.4 million, although the foreign currency exchange rate loss was $6.28 billion.
In Q1, 2013, foreign investors invested $1.56 billion and withdrew $562 million, and the foreign currency exchange rate loss was $209 million.
The service said that the volume of FDI in Ukraine as of early April 2014 came to $1,152 per capital compared to $1,284 as of early 2014.
As reported, in 2013, FDI in Ukraine grew by $2.86 billion and in 2012 – by $4.13 billion. Foreign investors injected $5.677 billion last year and $6.013 billion in 2012 and withdrew $2.845 billion and $1.256 billion respectively.
The statistics service said that in January-March 2014, investment came from 134 countries. The top ten investor countries accounted for almost 83% of total FDI. In particular, Cyprus - $16.534 billion, Germany - $6.033 billion, the Netherlands - $5.523 billion, Russia - $3.538 billion, Austria - $2.891 billion, the United Kingdom - $2.401 billion, the British Virgin Islands - $2.225 billion, France - $1.783 billion, Switzerland - $1.320 billion, and Italy- $1.101 billion.
Industrial companies attracted $16.893 billion in FDI (32.4% of total FDI), including $13.771 billion in the processing industry and $1.667 billion in the mining industry; and $1.373 billion in the power, gas and air conditioning industry.
Some $5.862 billion was invested in metal production and products made of metal, $2.96 billion in the production of food, beverages and tobacco, $1.386 billion in the production of rubber and plastic products, other non-metal products, $1.131 billion in engineering and $1.092 billion in the chemical and petrochemical industries.
Financial and insurance institutions raised $12.962 billion (24.8% of total FDI), organization of wholesale and retail trade, vehicle repair - $6.406 billion (12.3%), companies carrying out transactions with property - $4.216 (8.1%) and professional, scientific and technical organizations - $3.406 billion (6.5%).
The debt of Ukrainian companies in the repayment of loans, trade loans and other liabilities (debt instruments) to direct foreign investors came to $10.462 billion as of April 1, 2014.
Total FDI (share capital and debt instruments) as of April 1, 2014 stood at $62.641 billion.
FDI (share capital) from Ukraine to other countries as of April 1, 2014 amounted to $6.608 billion, including $6.068 billion to European Union countries (91.8% of total FDI) and $540.3 million to other countries (8.2%).
Ukraine sent FDI to a total of 47 countries, the lion's share of which (88%) went to Cyprus.
The claims of Ukrainian direct investors on foreign debt instruments stood at $198 million as of April 1, 2014.
Total FDI (share capital and debt instruments) in the economies of other counties amounted to $6.806 billion.
