ID :
101178
Tue, 01/19/2010 - 22:07
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Shortlink :
https://oananews.org//node/101178
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Russia expects growth of Asian investments this year - specialist.
MOSCOW, January 19 (Itar-Tass) - The amount of foreign investments in
the Russian economy declined by almost one-third last year. However, the
situation is improving, and this year Russia may expect a growth of
foreign investments from Asian countries, co-chairman of the committee for
state-private partnership and investments at the Russian Union of
Industrialists and Entrepreneurs Igor Vdovin said in an interview with the
Russian Business Newspaper on Tuesday.
As of September 2009, the amount of investments in the Russian economy
was 54.7 billion dollars, which according to Vdovin "is almost 30 percent
less than the amount of investments for the same period in 2008".
However, "the situation is improving," he said. There was about 30
percent less in the first quarter, but 22 percent less in the third one,
explained Vdovin who is also board chairman of the non-commercial
partnership National Agency for Direct Investment.
As for forecasts for 2010, Vdovin noted that "the amount of foreign
investments from Asian countries will grow". "An agreement on supplies of
energy sources worth 100 billion dollars was signed during a visit to
China by President Medvedev. The Export-Import Bank of China has granted
Vnesheconombank a credit of 700 million dollars," he said.
"Several companies have attracted investments, including Chinese. This
is Iskitimtsement, which makes part of the RATM-Tsement holding. They
signed an agreement for the construction of facilities for the production
of cement in a dry process worth 300 million dollars. The Sverdlovsk
region has agreed with the China Development Bank on investments worth
almost one billion euros. Ural attracts rather big investments from
China," the businessman noted.
According to Vdovin, at the present moment the level of investments in
the country's economy "is ten times lower than the level needed for the
development of the economy at a more serious pace".
"The capacity of Russia's investment market is about 500 billion
dollars yearly. And this is possible only if the authorities ensure
professional assistance to investors. Meanwhile, according to the
International Finance Corporation which yearly monitors foreign
investments, Russia is at the very bottom of the list together with
Kyrgyzstan and Belarus," Vdovin stressed.
-0-zhe/gor
the Russian economy declined by almost one-third last year. However, the
situation is improving, and this year Russia may expect a growth of
foreign investments from Asian countries, co-chairman of the committee for
state-private partnership and investments at the Russian Union of
Industrialists and Entrepreneurs Igor Vdovin said in an interview with the
Russian Business Newspaper on Tuesday.
As of September 2009, the amount of investments in the Russian economy
was 54.7 billion dollars, which according to Vdovin "is almost 30 percent
less than the amount of investments for the same period in 2008".
However, "the situation is improving," he said. There was about 30
percent less in the first quarter, but 22 percent less in the third one,
explained Vdovin who is also board chairman of the non-commercial
partnership National Agency for Direct Investment.
As for forecasts for 2010, Vdovin noted that "the amount of foreign
investments from Asian countries will grow". "An agreement on supplies of
energy sources worth 100 billion dollars was signed during a visit to
China by President Medvedev. The Export-Import Bank of China has granted
Vnesheconombank a credit of 700 million dollars," he said.
"Several companies have attracted investments, including Chinese. This
is Iskitimtsement, which makes part of the RATM-Tsement holding. They
signed an agreement for the construction of facilities for the production
of cement in a dry process worth 300 million dollars. The Sverdlovsk
region has agreed with the China Development Bank on investments worth
almost one billion euros. Ural attracts rather big investments from
China," the businessman noted.
According to Vdovin, at the present moment the level of investments in
the country's economy "is ten times lower than the level needed for the
development of the economy at a more serious pace".
"The capacity of Russia's investment market is about 500 billion
dollars yearly. And this is possible only if the authorities ensure
professional assistance to investors. Meanwhile, according to the
International Finance Corporation which yearly monitors foreign
investments, Russia is at the very bottom of the list together with
Kyrgyzstan and Belarus," Vdovin stressed.
-0-zhe/gor
