Foreign direct investment in Russia to be at $45-50 bln per year
Foreign direct investment in Russia will be at the level of $45-50 billion per year in the next three years, Russian Finance Minister Alexei Kudrin said on Sunday.
“In the next three years, we expect foreign direct investment in the Russian economy at $45-50 billion. If we build up stability in our economy, the same volume can be expected in the long-term perspective,” Kudrin told journalists. Kudrin, who is attending a G20 meeting of central bankers and finance ministers in South Africa, said already this year foreign direct investment in Russia will total about 2.7% of Russia GDP, which corresponds to China’s FDI level.
Yaroslav Lisovolik, the chief economist of Deutsche Bank in Russia, earlier said foreign direct investment in Russia could almost double, year on year, in 2007 to $50 billion. The Russian finance minister also said net capital inflow in Russia could reach $80 billion in 2007 compared with the initial figure of $70 billion. According to Russia’s Finance Ministry, foreign direct investment in Russia totaled $26.2 billion in 2006. The ministry’s initial forecast projected foreign direct investment to reach $30 billion in 2007 and $39 billion in 2008.
ADVERTISEMENT
Companies Make Net Repayments on Credit in April
Parl't Approves Amendments to Legislation on Judiciary
Wizz Air Participates in USD 50 mln Investment
Tourism Nights Slightly up in April 2023
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
