KAZAKSTAN IS CIS LEADER IN PER-CAPITA FOREIGN DIRECT INVESTMENT.

According to figures released on May 14 by Amirzhan Kosanov, press secretary to Prime Minister Akezhan Kazhegeldyn, Kazakstan at the end of 1996 had attracted more per-capita direct foreign investment ($165) than any other CIS economy. (Interfax-Kazakstan, May 14) This figure, which was apparently taken from a recent report issued by the European Bank for Reconstruction and Development, corresponds to some $2.7 billion in cumulative foreign direct investment (FDI) for the entire country. This sum contrasts favorably with the $34 in cumulative per-capita FDI Russia had received by the end of last year, not to mention the $29 Ukraine had received by the end of March, 1997. (Interfax-Ukraina, May 15) It even compares well with Poland’s $177 (as of mid-1996), although it was well below the $563 reported last year by the Czech Republic, not to mention Hungary’s $1,041.

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