MOSCOW, April 23 (RIA Novosti) - The Russian Central Bank has increased its forecast for net private capital inflow into Russia from $30 to $35 billion, a high-ranking bank official said Monday.
"The Central Bank's estimate for 2007 is $35 billion, which is a conservative and tentative [forecast]," Alexei Ulyukayev, the bank's first deputy chairman, said, adding that in the first quarter of 2007 the net private capital inflow into the country was $13 billion.
The official said that the increase this year resulted from additional issues by a number of large Russian companies active in the energy, telecom and banking markets. As a result, Ulyukayev said, the forecast for net private capital inflow could be achieved in May, with net capital outflow likely to happen in the latter half of 2007.
Net capital outflow from Russia was about $20 billion annually in the 1990s.
