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Inflow of FDI per capita in the CIS is 30% above world average

In the framework of the 5th Vienna Financial Economic Forum of the CIS and Eastern Europe countries, organized by the Finance and Banking Council of the CIS, the World Organization of Creditors (WOC) conducted a study to determine the attractiveness of the CIS countries for foreign direct investment (FDI). The results of research were presented on the forum by the President of the World Organization of Creditors Robert Abdullin.

"Since 1995, FDI inflow per capita in the CIS has grown by 17 times. The world average number has increased over this period by 3 times. In 1995, FDI inflow per capita in the CIS was 4 times lower than the world average; in 2010 it exceeded the world average by almost 30%, "- said in his report, Robert Abdullin.

Opinion about the investment potential of the CIS was stated by head of the commission for reorganization of the Ministry of Economy of Ukraine Valery Muntiyan: "I rate it very optimistic. Those rates of GDP growth for the half year and year that we've made - 4.2% and 4.6% - are twice lower than the potential. Calculations showed that the potential of the CIS countries is - 107 - 108%. At a time when virtual economy cracked, the resource potential goes to the forefront, the CIS countries rank first in the world for this potential".

The Forum has become a platform for the Commonwealth to share experiences in attracting FDI in their territories.

Deputy Prime Minister and Minister of Economic Development and Trade of the Autonomous Republic of Crimea Ekaterina Yurchenko stated on performance in this area, "Today Crimea is one of the most dynamically developing regions of Ukraine and the Government is making every effort to preserve and improve the dynamics of the peninsula development. So, in I half of 2011 the autonomy ranked second among the regions of Ukraine by the inflow of foreign capital. And only at the beginning of July this year about 750 million euros of foreign investment have been working in the national economy".

"So far, the raw material industry - oil, gas and mineral resources have already attracted a lot of foreign direct investment, as well as traditional industrial sectors. Today, FDI can increase the importance of other sectors. Foreign direct investment can significantly increase the rating of the CIS", - said the head of the Department of Transport, Telecommunications and corporate direction of the European Investment Bank Philippe Szymczak.

The role of the Vienna Financial Economic Forum was emphasized by the chairman of the Coordinating Council of the Financial and Banking Council of the CIS Anatoly Kazakov: "The Council and composition of the audience suggests that the Vienna Forum is an authoritative platform for establishing and strengthening mutually beneficial contacts, presenting industrial and investment potential of the CIS, Central and Eastern Europe countries".

The forum was attended by the heads of national banks, representatives of financial institutions, banking unions and associations, as well as heads of major banks, leaders of innovation and investment companies of the Commonwealth and the European Union countries.

Press Service of the WOC

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10.10.2011