Russia entered the top five countries in Europe by projects with foreign investment

© RIA Novosti / Grigory to Sysoeva in potamocorbula exchange. Archival photoRussia entered the top five countries in Europe by projects with foreign investment© RIA Novosti / Grigory to Sysoeva the image Bank

Russia took fifth place in the top 15 European countries number of projects involving foreign direct investment (FDI), up two positions compared to year 2016, according to «a Study of investment attractiveness of Europe 2017» conducted by EY.

The study authors noted that the number of jobs created within FDI projects to Russia increased, reaching a record high of more than 25 thousand, their number has increased compared with the year 2016 more than 10 thousand. The share of projects with foreign direct investment in Russia amounts to 4%.

The first four lines in the ranking has not changed compared to the previous study. They were occupied by the United Kingdom with a share of FDI in 18%, Germany (17%), France (15%) and Netherlands (5%). By the end of 2017, investors have invested more than 6 thousand projects in Europe. «The main factor worrying investors was the geopolitical instability – this opinion is shared by 42% of respondents that invest in European projects», — noted in the study.

In the framework of St. Petersburg international economic forum (SPIEF) EY presented a study according to which foreign investors in 2017, invested in a record number of projects on the territory of Russia – 238.

The number of projects with foreign investments in Russia in 2017 became the largest for all time of study since 2010. Last year foreigners invested in 33 projects more than the year before. Thus, the growth rate was 16%, significantly ahead of the outcome of 2016 (2%).

As in 2016, last year foreign investors invested mainly in the development of new production facilities (202 project) in Russia, and not in the extension of an existing business (36 projects).