Russian Vice Premier, Finance Minister Alexei Kudrin
Photo: Ilya Pitalev
| Other Photos |
 |
|
 |
Foreign Investments Reached Record High
This year’s growth in economy investments is estimated at 7.4 percent, which is the absolute record for today’s Russia, RF Vice Premier, Finance Minister Alexei Kudrin announced at the Global Investment and Finance Forum.
Direct investments of nonresidents are estimated to step up to $45 billion this year vs. $26 billion in 2006, Kudrin said, reminding that the amount doubled from $13 billion to $26 billion past year.
As of October 1, the foreign debt amounted to $47 billion, or 3.7 percent of estimated GDP. The aggregate foreign debt (generated by private and government’s sectors) is forecasted at 31 percent of GDP for this year. Ukraine and Poland have 48 percent and 51 percent of GDP respectively.
As to the net capital inflow posted in November of 2007, it was some $3 billion or a bit more, Kudrin said.
Asked to comment on forecasts elaborated for a few following years, Kudrin assured that the government still counts on containing the inflation to from 5 percent to 6 percent by 2010. “We have lost 2007, but we have three years to catch up with attaining the purpose set for 2010,” the vice premier vowed.
www.kommersant.com
|
|
|
