Russian companies have stopped investing

A record receipt of export proceeds has brought not much help for the Russian economy - the companies do not invest in their own development as the, "Vedomosti" reports.

According to the source "the large and medium-sized business enterprises do have unprecedently a lot of money. The gross volume of investments is 85% of the GDP of Russia."

For three quarters of gross investments of large and medium-sized enterprises. It has been made 45.7 trillion of rubles or 85% of projected annual GDP according to the Rosstat data. A year earlier was 66% of GDP and 40% in 2008. The investment turnover has exceeded in 10 times - 2-3 times before the crisis. Almost 60% of turnover came from deposits, 0.9% of them - long-term.

"There is money in the economy but they are not invested," – says the newspaper Valery Mironov from the center of the Higher School of Economics. Russia will get $ 60 billion and even more from the oil export 2008.

"The Investment climate, the elections, the uncertainty of the global market - all this leads to the fact that investors are waiting" – explains Mr. Mironov and suggests that the accumulation of means will allow enterprises survive a second round of the crisis more easily.

23 December 2011
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