Foreign Direct Investment in the second quarter of 2010

      1       1 October 2010       FOREIGN DIRECT INVESTMENT IN THE SECOND QUARTER OF 2010       The Bank of Lithuania and Statistics Lithuania publish a joint press release on the foreign direct investment (FDI) in Lithuania and Lithuanian direct investment abroad .   Based on provisional data, in the second quarter of 2010 the FDI flow in Lithuania was negative (minus LTL 365.5 million), which indicates the outflow of investment. Compared to the first quarter of 2010, the FDI outflow was 3.7 times faster. A year ago, in the second quarter of 2009, the FDI flow indicated an investment inflow in Lithuania amounting to LTL 389.5 million.   The FDI outflow was determined by the negative flows of reinvestment (minus LTL 777.7 million) and equity capital (minus LTL 86.4 million). The flow of other capital investment was positive and amounted to LTL 498.6 million.   In the second quarter of 2010, the largest investment came from Poland (LTL 447.6 million), Thailand (LTL 61.7 million), Finland (LTL 27.4 million), Cyprus (LTL 22 million) and Germany (LTL 13.1 million); the largest investment was made in the manufacture of coke, refined petroleum products and chemicals and chemical products (LTL 531.9 million), wholesale and retail trade and repair of motor vehicles and motorcycles (LTL 27.1 million) and professional, scientific and technical activities (LTL 22.7 million).   Lithuanian direct investment flow abroad in the second quarter of 2010 amounted to LTL 18.7 million, i.e. has been increasing.L   A year ago, the FDI flow abroad also had been       2   Table 1. Foreign direct investment flows   FDI in Lithuania (LTL millions) Lithuanian FDI abroad (LTL millions)   Q2 2010 Q1 2010 Q2 2010 Q1 2010 Total –365.51 –98.46 18.65 –25.10 Equity capital –86.38 104.78 –85.83 98.78 Reinvestment –777.73 –519.49 58.11 –23.20 Other capital 498.60 316.25 46.37 –100.68     Chart 1 Forei