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Russia's Trade and Economic Development Ministry forecasts direct foreign investment in Russia will reach $11-$13 billion by year's end
Direct foreign investment in Russia in the first half of the year more than doubled year-on-year from $4.5 billion to $9.3 billion. "Net capital flight from Russia by the end of 2005 is estimated at $9-$10 billion. Direct foreign investment inflow will amount to about $11-13 billion," the ministry said. Trade and Economic Development Minister German Gref plans to report to a session, scheduled for Thursday, on the socio-economic development of the Russian Federation and macroeconomic year-end forecasts. The ministry said net capital flight from Russia dropped in January-July 2005 by 45% year-on-year to $5.7 billion, down from $10.4 billion last year. Net capital flight in the banking sector in the first half of 2005 remained nearly the same at $6.6 billion, compared to $6.5 billion in 2004. "Non-financial and household sectors attracted $1 billion in net capital inflow this year, whereas in 2004 net capital flight in these sectors reached $3.9 billion," the ministry said, adding that the positive changes related to capital flight were due to "more aggressive accumulation of liabilities compared to foreign assets growth."
Print Russia's Trade and Economic Development Ministry forecasts direct foreign investment in Russia will reach $11-$13 billion by year's end Bookmark Russia's Trade and Economic Development Ministry forecasts direct foreign investment in Russia will reach $11-$13 billion by year's end

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