Twelve militants of Islamic Jihad Mujahideen Jamaat grouping detained in KaliningradSociety & Culture April 27, 2:14
Russian Prosecutor General’s Office finds another 3 NGOs to be undesirableRussian Politics & Diplomacy April 26, 21:42
Moscow ‘seriously concerned’ about Turkish airstrikes in Iraq, SyriaRussian Politics & Diplomacy April 26, 20:55
North Korea ‘neither fears war nor wants to avoid it,’ says country’s UN missionWorld April 26, 20:37
Russia’s Emergencies Ministry to continue helping Serbia in mine clearance in 2017Military & Defense April 26, 20:20
Putin says Russia, China maintain relations at 'unprecedentedly high level'Russian Politics & Diplomacy April 26, 20:02
Polls shows number of happy Russians at record-breaking historic highSociety & Culture April 26, 19:27
IS recruiting Taliban fighters in Afghanistan — Russia’s General StaffMilitary & Defense April 26, 18:49
Coffin with presumed remains of 19th century Russian general dug up in TurkeySociety & Culture April 26, 18:26
ST PETERSBURG, February 18 (Itar-Tass) —— Foreign investments in St. Petersburg’s economy grew by 17 percent to have exceeded 6.1 billion dollars, the city government’s committee on investments and strategic urban construction projects said.
In 2011 direct foreign investments doubled to have reached about 1.1 billion dollars, whereas in 2010 they were at about 540 million dollars. The committee said that the share of direct investments in the overall amount of foreign investments exceeded 17 percent, going up by 8 percent in contrast to the previous year.
The deputy head of the investments and strategic projects committee, Irina Babyuk, believes that “the steady growth of direct investments in the economy of St. Petersburg indicates the certainty of foreign investments about the stability and prospects of the market’s development.”
The role of the automobile cluster in the city’s economy continued to grow. At the end of 2011 the share of foreign investments in the production of motor vehicles in the overall amount of foreign capital investments reached 22.7 percent, or 1.4 billion dollars.
The largest foreign investor was Britain, which accounts for 17 percent of the overall investments in St. Petersburg’s economy. In the top three investor-countries are Korea (9.5 percent) and Cyprus (about 9 percent). The indisputable leader in terms of direct foreign investments is China, which injected 345 million dollars in St. Petersburg’s economy last year.