In January-March 2020, inflow of foreign direct investment in Kyrgyzstan decreased by 16.1% compared to the same period in 2019 and amounted to $148.3 million, the press service of the National Statistics Committee reported Monday.
The bulk of foreign direct investment (over 91%) is directed to manufacturing, wholesale and retail trade, geological exploration, financial intermediation and insurance, as well as construction.
As compared with January-March 2019, the volumes of direct foreign investments from non-CIS (Commonwealth of Independent States) countries decreased by 17.7%, mainly due to their decrease from China (by 15.6 times), Switzerland (by 2.4 times), Great Britain (by 1.7 times) and Netherlands (by 3.8%).
Canada accounts for the largest share of total foreign direct investment inflows (57.4% of total volume), Turkey (9.1%), the Netherlands (8.8%), China (5.3%) and the UK (3.1%).
In comparison with January- March 2019, the volumes of direct foreign investments from the CIS countries increased by 4.8% due to the growth of investments from Kazakhstan by 1.4 times. At the same time, investments from Russia decreased by 18.8%.
Over the past period, enterprises of Issyk-Kul Oblast took the largest specific weight of the volume of direct foreign investments – about 58 %, the city of Bishkek – about 32 % and Dzhalal-Abad Oblast – more than 6 %.
For the period specified, the outflow of direct foreign investments increased by 2.4 times and amounted to $413.2 million. At the same time, the outflow exceeded the inflow level by $264.9 million.
The increase in the outflow of investments in January-March 2020 was observed from the enterprises of all kinds of activities, except for processing industries, provision (supply) with electricity, gas and steam, as well as water supply, purification, waste processing and secondary raw materials.
Source: http://en.kabar.kg/news/inflow-of-direct-foreign-investments-in-kyrgyzstan-decreased-by-16-in-q1-of-2020/