MOSCOW, June 29 (RIA Novosti) - Direct foreign investment in developed countries has fallen for the third successive year, Vedomosti reports. On the contrary, investment in emerging markets last year grew by six times. According to the OECD, in this respect Russia was among developed countries, and investment hit a decade low.
Last year, investment in developed countries dropped by 28% to $192 billion. Direct investment in Canada plummeted by 69%, in European countries by 23%, including in Germany by 64% and in Great Britain by 47%, according to the OECD. Direct foreign investment in Russia last year fell to $1 billion. The OECD used the information of the Russian Central Bank, which explained its position by "non-standard dynamics" because of "some incomplete transactions related to the mergers and takeovers of domestic companies," Vedomosti writes.
The Russian Federal Statistics Service, however, has different data. According to it, direct investment in the country last year soared by 70% to $6.8 billion, the newspaper points out.
