EASTERN COMMITTEE OF GERMAN ECONOMY BELIEVES IN INCREASE OF FOREIGN INVESTMENT IN RUSSIA
Published:
6 November 2004 y., Saturday
Chairman of the Eastern Committee of German Economy Claus Mangold considers the decision of the international rating agency Moody's Investors Service to change Russia's rating to "positive" an important decision, both for Russia and for foreign investors.
"Moody's based its decision on three major considerations: high oil prices on global markets, stable rate of economic growth in Russia and a successful reform policy conducted by the Russian government," said Mr. Mangold in an interview with RIA Novosti.
"We focus on cooperation in tool-making industry, food and auto industries, and certainly in oil and gas industry," Mr. Mangold underlined. He believes the volume of foreign investment in Russia, including German investment, will have a drastic increase soon.
"The upcoming Russian-German conference in Stuttgart will certainly make a significant impact in that sense because it will be mainly dedicated to the subject of investments in Russia," the chairman said.
According to Mr. Mangold, the list of the participants speaks for itself - about 400 prominent businessmen and politicians representing both sides. Russian Prime Minister Mikhail Fradkov and German Chancellor Gerhard Schroeder are expected to deliver speeches at the conference.
Šaltinis:
RIA Novosti
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »