Foreign Direct Investment in Cyprus on the increase

Foreign direct investment in Cyprus reached 1.5 billion euro in 2007, compared to 1.2 billion in 2006, according to data provided by Eurostat.
Eurostat data show that 1.2 billion Euro came from extra-EU27 countries, while 300 million euro from third countries, including 100 million Euro from Russia.
The figures presented are based on data received up until 30 March 2008 from the Member States.
In 2007, the amount of Cypriot capital invested overseas rose to 800 million euro, of which 600 million went to member states and 200 to third countries.
Eurostat said in 2007, EU27 FDI1 (foreign direct investment) in extra-EU27 countries (outflows) rose by 53%, from 275 billion euro in 2006 to 420 bln in 2007, while FDI into the EU27 from the rest of the world (inflows) increased by 89%, from 169 bln to 319 bln. In 2007, intra-EU272 FDI flows rose by 13% compared with 2006.
In 2007, the EU27 invested 113 bln euro in the USA and 58 bln in Canada, compared with 79 bln and 30 bln respectively in 2006. EU27 investments in Offshore financial centers rose from 50 bln to 84 bln. Investments grew also in Switzerland (from 23 bln to 34 bln), Russia (from 11 bln to 17 bln) and India (from 3 bln to 11 bln).
The USA invested 145 bln euro in the EU27 in 2007, compared with 74 bln in 2006. Investments in the EU27 from Offshore financial centres3 (from 30 bln to 98 bln), Switzerland (from 18 bln to 29 bln), Japan (from 14 bln to 18 bln) and India (from 1 bln to 10 bln) also increased, while Canadian investment remained stable at 9 bln.
EU27 FDI flows with China (excluding Hong Kong) remained modest in 2007, with EU27 investment of 2 bln euro in China and Chinese investment of 1 bln in the EU27.