MOSCOW, May 2 (RIA Novosti)
Russia needs to bolster the positive trend of foreign direct investment growth in Russia, Prime Minister and President-elect Vladimir Putin said on Wednesday.
“In 2011, over $52 billion worth of direct investment came to Russia from abroad. By FDI dynamics, we have actually reached the pre-crisis 2007 level,” Putin said at a meeting of the government commission for foreign investment which he chaired for the last time as the country’s premier.
Foreign direct investment in Russia hit $55 billion in 2007.
The commission for foreign investment has examined over 140 requests from foreign investors in the four years of its work and approved 94 percent of them, Putin said.
“It was only in eight cases that requests were rejected on legitimate grounds,” Putin said, adding that none of them was challenged.
Russia’s strategic sectors of the economy have attracted over $33 billion in foreign direct investment, Putin said, adding that the Russian government needed to continue creating favorable conditions for investors prepared to work in sectors of strategic importance for Russia.
Putin said the anti-monopoly watchdog was preparing a package of amendments to simplify the procedures and cut the term for examining requests from foreign investors.
“These novations are designed to stimulate foreign business to implement new projects in the strategic sectors of the Russian economy,” he said.
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- lmUganda: Nation to Revive National Airline23:14, 02/05/2012Government is committed to reviving the national carrier, Uganda Airlines, Vice President Edward Sekandi said on Friday.
Uganda Airlines ceased operations in 2001 after numerous attempts were made by the Government of Uganda to privatize the company, but all potential bidders pulled out, eventually leading to the liquidation of Uganda Airlines Corporation.
"It was an oversight, we are now committed as government to revive. Now that we are getting to greater heights due to many flights into the country, we surely need a national airline," he said.
Russia don't loose out get in...
News that Moscow Mayor Sergei Sobyanin would resign in order to run for the mayoral election in September came as quite a shock. Sobyanin’s political potential is fairly dubious, not to mention his approval ratings. He has not finished many of the projects he initiated and the electoral effect from these projects is expected to come a bit later than September 2013. Sobyanin’s opponents were not entirely unprepared for this blitzkrieg.