MOSCOW, March 22. /TASS/. The Russian economy is at the investment phase now and is almost completely utilizing production facilities and labor resources, Central Bank chief Elvira Nabiullina said at the press conference after the regulator’s Board meeting.

"The economy is at the investment growth phase; this is one of manifestations of the structural transformation. All that supports high business activity. The business climate indicator reached its maximum over twelve years. This strong result is provided by almost complete utilization of production facilities and labor resources in the economy," she said.

The level of capacity utilization of production lines reached its historical maximum of 81%, Nabiullina said. "This trend covered many Russian regions," she noted.

The labor shortage remains a serious constraint for further production growth, the Central Bank chief added.