EDB Monitoring of Mutual Investments

Abstract

The report continues the series of publications detailing the findings of a long-standing research project dedicated to monitoring of mutual direct investments of the CIS countries and Georgia. The analysis relies on a database maintained on the basis of diverse data obtained from publicly available sources. The database is generated “from the bottom up”, meaning that its main sources are corporate statements and other primary information. The project makes it possible to take into consideration investments made through offshore structures and other “trans-shipping destinations”, as well as reinvested foreign profits. The report contains detailed information on the scope, development, geographical, and sectoral structure of mutual investments of the CIS countries and Georgia in 2016–2020. Special attention is paid to a review of mutual direct investments by companies from the Eurasian Economic Union member states, with special emphasis on their dual role as exporters of capital and as recipients of direct investments by companies from other post-Soviet states.

Keywords: direct foreign investments, mutual investments, investment stock, capital flows, investment deals, EAEU, Eurasian Economic Union, Eurasian integration, transnational corporations, FDI structure

JEL Classification: F15, F21, F23, E22, H54