Thu, 05 Aug 2010

London (ANTARA News) - Italy is the third biggest European investor country in Indonesia after Britain and the Netherlands with an investment value of US$4.05 million in the first quarter of this year, a diplomat said.

"Italy`s investment of US$4.05 million in the first quarter of 2010 increased 200 percent compared with that in the same period a year earlier which stood at US$1.4 million," Musurifun Lajawa, counselor for social and cultural affairs of the the Indonesian Embassy in Rome, said in a press statement received by ANTARA here on Thursday.

He said that Italy`s investment in the third quarter of 2010 was made in three projects while that in the first quarter of 2009 was for four projects.

According to the Investment Coordinating Board (BKPM), Italy`s investment in Indonesia in the first quarter of 2010 increased 192.9 percent.

Italy was in the fifth position on the list of European investors in Indonesia in the January - December 2009 period after the Netherlands, Britain, Switzerland and Germany. During the period, Italy`s investment reached US$41.02 million.

In the last nine years (January 1990 - 2009), Italy`s investment ranked the sixth position after Britain, the Netherlands, Germany, France and Switzerland. Is investment in this period reached US$660.90 million.

Based on the data, Italy`s total investment in Indonesia in the January-February 2010 period amounted to US$501.59 million, which was a 4.8 percent increase compared with that in last year`s corresponding period of US478.51 million.(*)