|
|
 |
Direct Foreign Investments in Russia to Reach $30bln This Year
Foreign investors will directly funnel $30 billion to Russia in 2007, Russia’s Finance Minister Alexey Kudrin forecasted during the annual meeting of Regional Banks Association.
2006 foreign investments reached $26.2 billion and the amount is expected to step up to $44 billion by 2010.
Another statement of the minister related to the foreign debt of Russia’s companies. Its growth doesn’t make the government particularly agitated, the minister said. The indicator equaled 50.9 percent of GDP as of early 2006 but stands at no more than 31.3 percent today, showing the debt is declining in absolute terms.
“The decisive factor is not the amount of debt but rather the quality of its administration. It’s essential whether the funds will be efficiently invested,” Kudrin explained.
”We are not in the crisis area and don’t expect any crises or defaults of big state companies. We are in the rather comfortable area, which, however, calls for attention of both investors and the state,” Kudrin concluded.
www.kommersant.com
|
|
|
