Investment in Russia's economy to double by 2009-1

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ST. PETERSBURG, September 30 (RIA Novosti) - Investment in Russia's fixed capital will double to 7.127 trillion rubles ($267 billion) by 2009, the country's finance minister said.

"Investment in our economy is seeing a steady growth. It will double by 2009," Alexei Kudrin said.

The minister said 3.534 trillion rubles ($132 billion) had been invested in Russia's fixed capital in 2005, and the figure is expected to be 4.328 trillion ($162 billion) for 2006, as high as 5.190 trillion ($194 billion) for 2007 and 6.089 trillion ($228 billion) for 2008.

Kudrin said investment growth would encourage modernization at Russian enterprises.

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