FDI outflows exceed inflows for Lithuania

  • 2011-07-20
  • From wire reports

VILNIUS - In May, net flows of non-repayable capital transfers to Lithuania stood at 59.5 million litas (17.2 milion euros), while for January through May the volumes accounted for 650.9 million litas, reports news agency ELTA. Lithuania saw a 461.9 million litas FDI outflow in May, official international reserves excluded, while for January through May it accounted for 865.8 million litas.

The total FDI outflow was determined by outflow of other kinds of investment. The flow of Lithuania’s investment abroad in May reached 828.5 million litas, while over January to May it stood at 3.8 billion litas.
The inflow of foreign investments to Lithuania made up 366.6 million litas in May 2011 and 2.9 billion litas in January-May the same year (in January-May 2010 it amounted to 71 million litas), the Bank of Lithuania reports. Net foreign direct investment (FDI) inflow totaled 484.3 million litas in May 2011 and 1.5 billion litas in January-May the same year.
The increase was driven largely by growing reinvestments (in January-May 2010 the flow of reinvestments in Lithuania was negative).

Direct investment abroad by domestic economic entities shrank in May, with their flow making up 58.6 million litas. In January-May 2011, growth in foreign direct investment abroad was observed, with their flow making up 71.1 million litas. The flow of investments abroad increased year-on-year by 85.8 million litas.

Net outflow of other investments and financial derivatives from Lithuania totaled 1.2 billion litas in May 2011, whereas in January-May they made up 1.9 billion litas (in January-May 2010 net outflow of this type of investment was 6.1 billion litas). The flow change was the result of a decrease in the outflow of other investments in MFIs and in enterprises of other sectors.