§ Ms QuinTo ask the Secretary of State for Foreign and Commonwealth Affairs, pursuant to his answer of 12 June,Official Report, column 376, what steps would be necessary to obtain the information sought on investment in eastern Europe. [29476]
§ Mr. Douglas HoggIt would have been necessary, through our embassies, to approach the authorities in Germany, France, Italy and the Netherlands and/or the authorities in the six recipient countries.
Further research here has revealed a recent OECD publication containing some of the figures requested. I can now provide figures on German, French and Italian investment into the six countries, as shown in the tables.
The publication does not provide figures on UK, Dutch or EU investment into the countries concerned.
Too much significance should not be read into the figures given the problems of data capture, defining investment and determining national origin.
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A: Figures in national currencies Stock of direct investment end year Million FF France 1988 1989 1990 1991 1992 Bulgaria — 37 98 70 — CSFR — 22 33 5 — Hungary — 3 4 4 — Poland — 92 171 877 — Romania — 40 65 64 —
Million DM Germany 1988 1989 1990 1991 1992 Bulgaria — — — — — CSFR — — — 537 1,355 Hungary 39 73 266 489 1,158 Poland 16 10 26 86 286 Romania — — — 16 27
Billion Lira Italy 1988 1989 1990 1991 1992 Bulgaria — — — 1 2 CSFR — — — 4 45 Hungary — — — 44 69 Poland — — — 6 31 Romania — — — 3 4 Source: OECD International Direct Investment Statistics Yearbook 1994.
B: Exchange rates used to produce table C from table A National currency/$ average exchange rates 1988 1989 1990 1991 7992 France 0.165044 0.172771 0.19497 0.19305 0.181604 Germany 0.561703 0.588998 0.669344 0.659631 0.619579 Italy — — — 0.000869 0.000587 Source: IMF IFS Yearbook 1994.
C: Figures in US dollars Million US$ France 1988 1989 1990 1991 1992 Bulgaria — 343.6 388.0 384.4 — CSFR — 6.4 19.1 13.5 — Hungary — 3.8 6.4 1.0 — Poland — 0.5 0.8 0.8 — Romania — 15.9 33.3 169.3 —
Million US$ Germany 1988 1989 1990 1991 1992 Bulgaria — — — — CSFR — — — 103.7 246.1 Hungary 6.4 12.6 51.9 94.4 210.3 Poland 2.6 1.7 5.1 16.6 51.9 Romania — — — 3.1 4.9
Million US$ Italy 1988 1989 1990 1991 1992 Bulgaria — — — 0.9 1.2 CSFR — — — 3.5 26.4 Hungary — — — 38.2 40.5 Poland — — — 5.2 18.2 Romania — — — 2.6 2.3
§ Ms QuinTo ask the Secretary of State for Foreign and Commonwealth Affairs, pursuant to his answer of 12 June,Official Report, column 376, what estimates he has made of the costs which would have been incurred in providing a full answer. [29475]
§ Mr. Douglas HoggI refer the hon. Member to my earlier reply. The cost in time and resources needed to pursue the inquiries would clearly have been in excess of £450 and no more accurate estimates were made.
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§ Ms QuinTo ask the Secretary of State for Foreign and Commonwealth Affairs what contacts he has had with the embassy of the Federal Republic of Germany to discuss levels of German and EU investment into the countries of Hungary, the Czech Republic, Slovakia, Rumania and Bulgaria. [29363]
§ Mr. David DavisI refer the hon. Member to the reply given by the Minister of State, my right hon. and learned Friend the Member for Grantham (Mr. Hogg), today. The Department is in close contact with the embassy of the Federal Republic of Germany on a wide variety of matters, but we have not recently discussed German and EU investment levels in the countries mentioned.