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Russia to enjoy greater investment inflow

January 30, 2008 | RBC

Investment inflow in Russia is projected to increase by a minimum of 14 percent in 2008, Russian Finance Minister and Deputy PM Alexei Kudrin announced at the international 2008 Russia Forum in Moscow today, noting that the expected 14-percent rise was only a conservative forecast, and that the figures were an indicator of an investment boom in Russia. Kudrin pointed out that foreign direct investment in Russia amounted to $47bn in 2007, or 3.7 percent of GDP, the same as in China.

The Minister reiterated that total investment inflow rose 21 percent in 2007, up from an annual average of 12 percent during the previous years.

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