Foreigners are not willing to invest in Transcarpathia  14 January 2014 16:31  6357132 057922
Foreigners are not willing to invest in Transcarpathia

Foreign investment in Transcarpathia for the first half of 2013 fell by almost a third compared with 2012. The received investments amount to 35.4 million U.S. dollars which is 14.5 million less than that for the same period of the last year.  The decrease in amounts of foreign investments is attributed to the absence of incentives for VAT on importation of equipment and machinery.

According to the Central Statistical Office, during 1994 - the first half of 2013, 431.5 million U.S. dollars of foreign direct investment (equity) was attracted in Transcarpathian region (14th place in Ukraine), which accounts for 345.3 U.S dollars per capita (17th place among the regions of Ukraine).

The largest amount of foreign direct investment came from Cyprus - 48.6 million U.S, dollars (11.3% of total), Japan - 45.2 million U.S. dollars (10.5%), the United States - 45.1 million U.S. dollars (10.5%), Austria - 43.6 million U.S. dollars (10.1%), and Germany - 41.4 million U.S. dollars (10.1%).

CIS countries invested in total 2.6 million U.S. dollars, or 0.6% of the total volume of attracted foreign investments.

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