FT: Russia leads by foreign invest diversity among commodity econ

MOSCOW, Aug 16 (PRIME) -- Russia was ranked first in a list of commodity-based economies by foreign investment diversification, according to an analytical survey conducted by the Financial Times’ department fDi Intelligence and seen by PRIME on Tuesday.

According to the survey covering the period from 2003 till 2015, Russia raised investments in more than 4,000 new initiatives across 39 analyzed sectors. Financial services, industrial machinery, food, tobacco and real estate were the leaders by the number of projects.

Russia’s diversification index was 0.235 as a result of this. Belgium was ranked second with a 0.251 index. Malaysia came third with 0.269, Belarus had 0.271 and Ukraine 0.284. The ranking covered 25 countries.

According to the Financial Times, Eastern European countries fared better by the investment balance than Middle Eastern states, more reliant on commodities.

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