The inflow of direct foreign investment in Kyrgyzstan over 6 months of 2019 increased by 59.4% and amounted to $393.7 million, the Ministry of Economy of the Republic informed.
The inflow exceeded the outflow level by $120.7 million.
One of the important indicators is that in the first half of 2019, 75.7% of the total investment went to the regions of Kyrgyzstan, while in the first half of 2018 this indicator was 52.2%. Thus, the share of investments in the regions increased by 23.5%.
“In the structure of foreign direct investment compared with the same period in 2018, there was an increase in loans attracted from non-residents and the volume of reinvested profits. In general, this indicator characterises the increase in the attractiveness of the investment climate in Kyrgyzstan, both for newly attracted to the country's economy, and for existing foreign investors,” the Ministry of Economy explained.
The bulk of foreign direct investment was directed to geological exploration at 44.6%, manufacturing at 27.1%, mining at 9.9%, information and communications at 5.6%, wholesale and retail trade at 5.3%, as well as financial intermediation and insurance at 5.3%.
“The volume of investments in exploration increased 3.6 times, from $48 million to $175 million, in manufacturing enterprises by 2.7 times, from $40 million to $107 million,” the department said.
Mining enterprises lost $30 million in investments over the year, with a 1.8-fold decrease compared to the same period in 2018. Investments in the sphere of financial intermediation and insurance also decreased by 1.4 times, or by $8 million.
Reported by Akchabar (Kyrgyzstan).