MOSCOW, October 23 (RIA Novosti) - Investment in Russia by the end of the year is expected to grow 12.7% on 2005, the economic development and trade minister said Monday.
The investment climate in Russia is gradually improving, with more and more foreign companies emerging on the Russian market. According to the global management consulting firm AT Kearney, Russia rose to sixth place in the FDI (Foreign Direct Investment) Confidence Index 2005, after China, the United States, Britain, India and Poland (in March 2005, Russia was ranked 11th).
German Gref said investment in Russia rose 11.7% in the first nine months of 2006, and 15% in September.
According to Russia's Finance Ministry, foreign and domestic capital investment in Russia in 2005 totaled $121 billion.
Gref highlighted the upward trend in the retail trade sector, which saw a 13.5% growth in the reporting period.
