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February, 2012 Issue Prepared by the UNECE Statistical Division, the UNECE Facts and Figures articles are based on data from the UNECE Statistical Database. For more information contact email@example.com.
FOREIGN DIRECT INVESTMENTS TO EECCA COUNTRIES DECREASED
Foreign direct investments (FDI) to the countries of Eastern Europe,Caucasus and Central Asia fell from 2008 to 2009. In 2010, they started growing in most countries, but returned to the level before the crisis only in Azerbaijan and Kyrgyzstan.
Since the beginning of the millennium, the largest FDI flows in the region, in absolute terms, have usually been received by three countries: Russian Federation, Kazakhstan and Ukraine. The Russian Federation has received the largest amount of FDI, being only once overtaken by Kazakhstan. Azerbaijan broke twice into the top three in early 2000s.
However large the amount of FDI received by the Russian Federation, it has exceeded 3 per cent of their GDP only in 2007 and 2008.The highest FDI inflows as a percentage of GDP were seen in Azerbaijan in early 2000s. Since then, foreign investors have withdrawn income from that country in 2006 and 2007 even for a value greater than that of new investments. During the last 10 years,only Armenia, Georgia and Kazakhstan have annually received FDI exceeding 3 per cent of their GDP.
1/ Investment is regarded as FDI when the parent enterprise gains control over its foreign affiliate (10% or more of the voting power).
2/ Data are not available for Turkmenistan and Uzbekistan.
Source: UNECE Statistical Database, Eurostat, IMF and national statistics