Tuesday, October 4, 2022
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Investments are crucial if Russia is to maintain its economic growth
Investments are crucial if Russia is to maintain its economic growth, the country's economics minister said Thursday. German Gref told a government session that investment value had risen 10.6% in 2005, although most of it was going into a small group of companies in transport, the minerals sector and real estate. The energy sector, metals and communications received a smaller share, and only 2% went to machine-building, Gref said. "Insufficient investment is becoming a critical factor in the competitiveness of the Russian economy and employment," Gref said.
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