The Russian Ministry of Economic Development and Trade has announced it is to develop a programme aimed at enhancing the country's image to potential investors.
The department said it plans to create a special website to provide key macroeconomic indicators and information about potential investment projects.
According to ministry officials, Russia’s foreign investments are expected to grow faster than its capital investments over the next few years, at a rate of around 7%. Analysts predict that between 2004 and 2006, Foreign Direct Investment (FDI) will total $6 to $6.5 billion per annum, compared with $4 billion in 2002.
For the first time in years, domestic investment within Russia is outweighing investment abroad. In the first quarter of 2003, the country generated $6.2 billion and invested $3.1 billion abroad. During 2002, $19.7 billion was invested abroad and $19.8 billion at home.
