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
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »