Direct investment in fixed assets rise


Direct investment in fixed assets at Russian companies increased 12% in 2003 to US$72 billion, according to early figures.

Foreign direct investment (FDI) totalled US$6.5 billion, said Deputy Prime Minister and Finance Minister Alexei Kudrin. According to Kudrin this is not a high figure, but it had increased by 62%.

Kudrin expects FDI to keep climbing at a high pace.

Foreign trade turnover rose 24% in 2003 to US$209 billion, with a 25.3% increase in exports.

Source: Interfax



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Posted on Feb 2, 2004
Region: Russia