Belarus attracted $2.8 billion in foreign investment during the first quarter of 2024, as reported by the National Statistical Committee of Belarus.
The largest contributors to this investment surge were businesses from the Russian Federation, accounting for 57.5% of the total investments. Cyprus followed with 13.5%, and the United Arab Emirates contributed 9.8%. Foreign direct investment (FDI) constituted a significant portion of these inflows, amounting to $2.3 billion, or 82.6% of all foreign investments.
In the same period, Belarusian organisations invested $1.2 billion overseas, predominantly in Russian business entities, which received 91% of these investments. Direct investment represented 81.3% of the total outbound investments.
This substantial foreign investment highlights Belarus’s growing appeal to international investors despite global economic challenges. The influx of capital is expected to bolster various sectors within the Belarusian economy, promoting growth and development. The significant involvement of Russian businesses underscores the strong economic ties between Belarus and Russia, while the investments from Cyprus and the UAE indicate a diversification of sources of foreign capital.
The National Statistical Committee’s report reflects a positive trend in Belarus’s economic landscape, with foreign direct investment playing a crucial role in driving economic activity. As Belarus continues to attract and manage substantial foreign investments, the country is poised to enhance its economic resilience and expand its global economic partnerships.
These investment trends not only support immediate economic growth but also lay the groundwork for long-term development and international collaboration. The commitment of foreign investors, particularly in the form of direct investments, suggests confidence in Belarus’s economic policies and potential for sustainable growth.
