Russia attracts multi-billion-dollar investment in first half

14:04, July 21, 2011      

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Foreign direct investment in Russia in the first half of 2011 exceeded 27 billion U.S. dollars, Russian Prime Minister Vladimir Putin said Wednesday.

The figure was a 39 percent increase on the 19.4 billion dollars invested in the same period last year but still lower than the 29.6 billion dollars recorded in the pre-crisis year 2007, Putin told a government meeting, citing Central Bank figures.

"The general environment, recovery of Russia's economy, measures to improve the business climate -- all give reasons to expect such a dynamic," Putin said.

The PM expected Russia could attract 60 to 70 billion dollars foreign direct investment annually, as both Russian and foreign companies were seeking to revive the investment projects postponed due to the global financial crisis, the Interfax news agency reported.

Source: Xinhua
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