Ministry forecasts Russia's 2007 net capital inflow at $80 bln

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MOSCOW, November 15 (RIA Novosti) - The Finance Ministry forecasts net capital inflow into Russia in 2007 will reach $80 billion, a twofold increase on last year, a deputy minister said on Thursday.

Sergei Shatalov said the ministry had previously predicted net capital inflow at last year's level of $41 billion.

The official forecast by the Central Bank of Russia (CBR) for 2007 net inflow is $70 billion.

The CBR has stood by its projection, although some of its officials have said that the actual level could fall short of the forecast, at $60-65 billion.

Shatalov also said foreign direct investment (FDI) in Russia could hit $35 billion in 2007, $5 billion up on a previous forecast for the year.

FDI in 2006 was $26 billion.

The deputy minister also said by 2010, FDI could grow to $45 billion.

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