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Modern economic POTENTIAL OF UKRAINE |
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Foreign Direct InvestmentsForeign investors put USD 1,326.6 mn of direct investment into the economy of Ukraine over January-September 2005. Meanwhile, the outflow of capital by non-residents totaled USD 249.5 mn. Volume trends for foreign investment input over 1995-2005 are shown in Figure 1. The total volume of direct foreign investments into Ukraine as of October 1, 2005 was USD 9,532.2 mn, constituting USD 202 per citizen of Ukraine (see Figure 2). Figure 1. Dynamics of foreign investment volumes into the economy of Ukraine, USD mn (data for 2005 is given as of October 1, 2005).
Investments came from 117 countries of the world. As of the first 10 months of 2005, the total volume of investments originating from the seven largest investors of Ukraine reached the following figures: Cyprus USD 1,456.6 mn (15.3% of the total volume), the USA USD 1,224.6 mn (12.8%), Great Britain USD 1,046.8 mn (11.0%), British Virgin Islands USD 708.8 mn (7.4%), Germany USD 628.3 mn (6.6%), the Netherlands USD 589.0 mn (6.2%), and Russian Federation USD 555.6 mn or 5.8% (see Figure 3). Investments patterns by kinds of economic activities are as follows. The total amount of foreign capital invested into Ukraines industrial sector as of January 1, 2005 constituted approximately USD 3,824 mn or 45.8% of total investments. Processing industries lead the way in this list with USD 3,615.1 mn or 43.3%, including the total amount of resources directed to the food industry and the processing of agricultural produce bringing in USD 1,123.6 mn or 13.5%, machine building - USD 676.4 mn or 8.1%, the chemical and petrochemical industry USD 471.9 mn or 5.6%, metallurgy and metal processing - at USD 425.4 mn or 5.1%. Wholesale and retail trade, trade in transportation vehicles, and repairing services come second at USD 1,567.5 mn or 18.8% of the total volume and in particular, USD 1,389.2 mn or 16.6% to wholesale and intermediate trade. USD 687.5 mn or 8.2% was put into financial activities, and USD 589.2 mn or 7.1% to real estate operations, leasing, and services to legal entities. Figure 2. Dynamics of foreign investment input into Ukraine per capita, USD (data for 2005 is given as of October 1, 2005).
USD 246.9 mn or 3% of the total volume of direct foreign investments was directed to the construction industry as of the end of period under review. Agriculture, hunting reserves, and forestry obtained USD 227.1 mn or 2.7%. At the same time merely USD 7.2 mn or 0.1% were directed specifically to forestry and related services. The largest accretion of capital in the period under review was noted at enterprises with the following kinds of economic activities: wholesale trade and mediation in trade USD 403.9 mn; real estate, leasing, and services to legal entities USD 196.7 mn; financial activities USD 183.2 mn; chemical and petrochemical industry USD 153.9 mn; food industry and the processing of agricultural produce USD 117.2 mn; transportation and communications USD 98.1 mn; machine building USD 73.0 mn; hotels and restaurants USD 70.6 mn; and construction USD 49.9 mn. Meanwhile, the number of investments put into metallurgy and metal processing dropped by USD 27.5 mn, and in the production and distribution of electric energy, gas, and water by 13.8%. Foreign investments were put into 10,542 companies. The following territories top the list with the largest amounts of foreign investments: Kiev USD 2,684.1 mn (3,768 companies), Dnepropetrovsk region USD 778.6 mn (640 companies), Kiev region USD 551.5 mn (331 companies), Odessa region USD 507.3 mn (648 companies), Donetsk region USD 493.6 mn (349 companies), Zaporozhye region USD 489.6 mn (258 companies), Kharkov region USD 385.4 mn (400 companies), Lvov region USD 350.1 mn (1,101 companies), and Autonomous Republic of Crimea USD 331.0 mn (231 companies). The mentioned regions got 78.8% of the total volume of investments. Figure 3. Geographical pattern of foreign investors (data as of October 1, 2005).
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