Sunday, March 04, 2007

Economy: Foreign investment in Russia on the rise

Russian Economy Minister German Gref, has told a cabinet meeting that the volume of direct investments in Russia grew 2.5 times to $31bn in 2006 compared to the year before.

The minister highlighted an investment boom, which included all economy spheres. Gref said that investments in the main capital surged 13.7 percent to $4.6bn and investments in the oil and gas sector soared 28 percent.

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