Fixed asset investment in Russia surges

The rate of investments into fixed capital assets in Russia has upped by 6.2% in 2011, compared to 6% in 2010. This came in a report issued by Russia’s state statistics agency Rosstat.

The annual rate exceeded 6%, forecast by Russia’s Ministry of Economic Development, mounting to 10.561 trillion roubles ($348.555 billion). 

According to Rosstat estimates, investments strengthened in December 2011, rising by 8.9% year-on-year, or 73.4% month-on-month, compared to respective 13.3% and 71.4% in December 2010. 

(VoR)

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