Calamos Supports Greece
GreekReporter.comGreek NewsEconomyGreek Investors Rank Third in FYROM Financing

Greek Investors Rank Third in FYROM Financing


Greece ranks third as a source of cumulative foreign direct investment (FDI) in the Former Yugoslav Republic of Macedonia (FYROM), according to official data.
A document released by the Skopje Economic and Commercial Affairs Bureau on Saturday claimed Greek  FDI in 2017 amounted to €5.54 million ($6.8 billion), taking the country to eights from 103rd in 2016, when there was a divestment of €15.69 million of Greek FDI in FYROM.
In terms of total cumulative FDI from 1997-2016, Greece ranks third after Austria and the United Kingdom, with €463.4 million.
The geographic distribution of FDI in FYROM changed significantly in 2017, with large-scale divestment by countries that were among its top sources of FDI, such as the U.K. and Turkey, as well as a €13.57-million reduction of FDI from the United States.
In terms of the distribution of FDI in FYROM by sector, the biggest part went to services (29.5 percent), following by mining/quarries (15.1 percent), commerce (8.3 percent) and agriculture/fisheries (4.3 percent).
In manufacturing, which previously absorbed the greater part of FDI inflows, there was a divestment of €75.61 million.
(Source: AMNA)

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts