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Net Inflow of Private Capital to Reach $35bln in 2007, CBR Forecasts
Central Bank of Russia (CBR) forecasts the net inflow of private capital to reach $35 billion this year. CBR First Deputy Chief Alexey Ulyukaev made the respective statement at the Round Table held in Lomonosov State University Monday.
”This is rather conservative and cautious estimate,” Interfax quoted Ulyukaev as saying.
The Q1 inflow of net capital was $13 billion, Ulyukaev reminded, attributing it to placement of new stocks by big companies of the country. “Now, those are not only oil and gas companies but also power engineering ones, banks and telecoms,” Ulyukaev said.
“Our minimal estimate for inflow is $35 billion by results of 2007,” the top-ranked official added. Some outflow could happen in the second half of the year, but the overall balance will be positive, Ulyukaev forecasted.
www.kommersant.com
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