Russia expects major investment inflow after electionsJanuary 27, 2012 - 15:55 AMT PanARMENIAN.Net - The head of Russia's direct investment fund set up to lure foreign investment to modernize the Russian economy, Kirill Dmitriev, said on Friday, January 27, he expects substantial increased capital inflow to Russia after presidential elections this March. "We believe there will be a large capital inflow instead of outflow because Russia has very good macroeconomic figures. The foreign debt/GDP ratio is one of the lowest in the world and the country's reserves are the third largest in the world," Dmitriev told Russia Today international news TV channel at the World Economic Forum in Davos, Switzerland, according to RIA Novosti. Russia's direct investment fund was established in June 2011 to co-finance investment by foreign funds and companies in Russian projects and is managed by national development bank Vnesheconombank. The fund with a capital of about $10 billion contributed by the federal budget, is expected to attract from $60 billion to $90 billion in foreign investment within five years. "The world's leading investors plan to invest in Russia as I have noticed during our talks. The fund plans to announce a couple of deals within a month before the elections," Dmitriev also said.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |
