Western Europe remains Russia’s largest foreign investor

(Photo : AP/NEWSis)

Russia retained the eighth position among European countries by level of foreign direct investment, Tass reports.

The number of foreign direct investment (FDI) projects in Russia grew 61% to 201 in 2015, which made Russia one of the leaders in terms of growth rates of the number of such projects, according to 2016 European Attractiveness Survey by Ernst & Young (EY) presented at the St. Petersburg International Economic Forum (SPIEF-2016).

“Russia retained the eighth position among European countries by level of FDI, but the figures improved significantly: the number of projects grew 61%. This means that Russia has the highest FDI growth rate among the top 10 European countries by a number of FDI projects,” EY said.

Britain is the first European country by the FDI level (with 1065 projects), followed by Germany (946 projects) and France (598 projects).