Zee Beam News

05-26-2005 FC Info News - Since the beginning of this year, Russian companies have attracted over $6 bln into the country, including $1.9 bln in direct investment or nearly one-third more than in 2004, reports the State Statistics Committee. Investment is mostly channelled into Russia's raw materials sector, and only a minor part of funds goes to the processing sector (above all the food industry) and machine building (primarily automobile manufacturing). Moscow is far ahead of the other regions in investment attractiveness, absorbing the bulk of foreign and Russian capital. Neverteless Russia is losing the global competition for investment to its main rivals among the emerging economies - China, India and Brazil. It holds only the 11th place in the international rating of investment attractiveness.