Last year Industry witnessed a substantial rise in both domestic and foreign investments, including $454 million allocated for industrial construction solely in North West Russia. 2001 promises to open a profitable chapter in Russian Industry.

Major economic consolidation following the 1998 financial crisis now presents new long term objectives and a favourable investment climate.

• A president and government committed to political stability and a strong reform programme.
• Continuing presence of major western companies in a market of 145 million consumers.
• $ 2 billion of total Foreign direct investment in 2000 up 25% on the previous year.
• 1999/2000 the industrial sector was the best performer due to rouble depreciation resulting in a more competitive environment.

'This year 2000 was a special year. Political stability has created conditions for the economy to move forward.'

Russian Prime Minister, Mikhail Kasyanov