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The value of the Russian stock market's overall capitalization could reach 70% of gross domestic product by 2009
The value of the Russian stock market's overall capitalization could reach 70% of gross domestic product by 2009, a deputy prime minister said Monday. Addressing President Vladimir Putin and fellow Cabinet ministers, Alexander Zhukov said that 20% of investment in the fixed capital of large and medium-sized companies was expected to be supplied by the domestic market by 2008. Taking into account the debt market, domestic investment in such companies should reach 45%, he said. The deputy premier said the projected figures were included in a government strategy for developing the country's financial markets in 2006-2008. The strategy also envisages the development of trading floors and the creation of an oil exchange.
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