UPDATE 1-Foreign investment in Germany steady in tough environment

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Foreign investment in Germany was stable in 2022, data from Germany Trade & Invest (GTAI), showed on Monday, although the body's head said it could be a challenge to retain investment from the biggest spender the United States. Last year, Germany attracted 1,783 new projects and expansions, 23 fewer than in 2021, but 101 more than in 2020, the economic development agency said. "Given the adverse circumstances, with the war in Ukraine, the energy crisis and the pandemic aftermath, this is a success," GTAI managing director Robert Hermann told Reuters on Monday.