Ukraine FDI grows USD 3.2 bln in 9M17

2017/11/29 22:19:57

Analyst: “The tendency promises net FDI better than the USD 1.0 bln that we initially projected for 2017. Now we expect USD 2.4 bln net FDI by the year end.”

 


KYIV, Nov 29, 2017 - Foreign direct investment (FDI) in Ukraine rose 7.1%, or USD 3.2 bln, to USD 48.3 bln in 9M17, implying USD 41.7 bln of net FDI, Concorde Capital informed its clients today based on a State Statistics Service report on Nov. 28. It was driven by capital inflow (USD 1.2 bln in 9M17), the exchange rate difference driven by hryvnia appreciation (USD 1.2 bln) and loans of direct investors (USD 1.0 bln). Capital outflow shaved off USD 0.3 bln for 9M17. FDI increased USD 2.5 bln, or 4.9%, during the same year-ago period.

 

The Netherlands (USD 0.7 bln), Cyprus (USD 0.5 bln), Germany (USD 0.2 bln) and Great Britain (USD 0.2 bln) remain the key sources of investment to Ukraine in 9M17. The most attractive sectors were financial (USD 0.35 bln in 9M17), food processing (USD 0.31 bln), mining (USD 0.29 bln), trade (USD 0.17 bln), metals (USD 0.17 bln) and utilities (USD 0.15 bln).

 

Concorde analyst Alexander Paraschiy added: “Investment inflow is somewhat stronger than we expected, but still it remains shallow. And a large part of that increase is purely statistical at the expense of hryvnia appreciation in the middle of the year, which has since been wearing off. At the same time, capital inflow is unlikely to strengthen in the nearest future. The tendency promises net FDI better than the USD 1.0 bln that we initially projected for 2017. Now we expect USD 2.4 bln net FDI by the year end.

 

 ###

 

For more information, link here: www.concorde.ua 

 

Printer Friendly Page Send this Story to a Friend Create a PDF from the article
 
Poster Thread