BUSINESS & ECONOMICS
1/13/09
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Foreign direct investment in Kazakhstan rose by 17 percent during the January-September period in 2008 in comparison to the same period the previous year, figures released by the National Bank of Kazakhstan.
Investment during the first three quarters of 2008 totaled $12.84 billion, according to bank figures cited by the Kazakhstan Today news service in a January 13 report. During the corresponding period in 2007, just over $10.89 billion flowed into Kazakhstan.
Bank statistics showed that the greatest volume of foreign direct investment came from the Netherlands - $2.45 billion. In second place was the United States with $1.461 billion, followed by the British Cayman Islands with $976.8 million, the report said.
Investment by both China and Russia showed considerable growth. Just over $476 million came from China in the first three quarters of 2008, compared with $358.2 million during the similar period in 2007, the bank revealed. Russia invested $638.8 million during the first nine months of 2008, up from $402.7 million during the same period the previous year.
Posted January 13, 2009 © Eurasianet
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