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
The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council.
more »
Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers.
more »
MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget.
more »
The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai.
more »
European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December.
more »
Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community.
more »
EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets.
more »
Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week.
more »
Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American.
more »
The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June.
more »