Page 47 - bne IntelliNews Russia Country report May 2017
P. 47
source: Rosstat
FDI remains abysmally low in Russia both in absolute and relative terms. The largest investors remains Cyprus and Netherlands, both off shore havens for Russian flight capital. The Bahamas and Bermuda also come at the top the list. The first “real” investor on the list is Germany with less than $20bn invested vs the $130bn invested from just Cyprus.
6.0 Public Sector
First-quarter revenues to the consolidated budget (includes federal, regional and municipal budgets, as well as state social funds) were up by 20% y/y in nominal ruble terms.
Revenues generated from the production and export of oil & gas were up by more than 50%.
Over half of the revenue increment, however, came from other revenues that rose far above inflation . Revenues from excise taxes (particularly
47 RUSSIA Country Report May 2017 www.intellinews.com
