21 April 2004 04:40
Russia should remain attractive for investors - Putin
"We are now seeing the following process: the Russian economy is
under a certain amount of pressure from petrodollars and credit
LIPETSK. April 21 (Interfax) - Russian President Vladimir Putin said the Central Bank should "preserve
macroeconomic indicators to keep the country attractive for foreign investors."
resources in connection with the Russian economy's increased rating and an increase in investment," Putin
told a news conference in Lipetsk on Wednesday.
The government and the Central Bank are facing "difficult problems of maintaining the macroeconomic
indicators" to keep Russia attractive for investors. "We do not need just money, but new technologies, ideas
and highly qualified specialists," he said. "Our goal is not simply to attract investment, but to create a
modern economy that is competitive and effective."
"We will continue creating economic, administrative and cultural conditions for investors to feel comfortable in
Russia," Putin said.
Putin said foreign investment in Russia had reached 29.7 billion dollars in 2003 and has increased by about 50% each
year since 2002.
In 2003, direct investment in the Russian economy reached $6.8 billion, Putin said. [RU EEU EUROPE ASIA EMRG FIN] av
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[Interfax] |
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