Russian FM: Gross Domestic Product to Rise
Posted on: Sunday, 7 October 2007, 18:00 CDT
Russian Finance Minister Alexei Kudrin said Sunday his country's gross domestic product could increase by 7.3 percent this year.
Speaking with journalists in the Russian city of St. Petersburg, Kudrin said the rate of increase can be reached if current economic trends continue, RIA Novosti reported.
The percentage from the Ministry of Economic Development and Trade comes after the government initially predicted Russia's 2007 GDP would only rise by 6.5 percent.
The alteration in that initial prediction came once the annualized growth rate during the first seven months of the year hit 7.9 percent, the Russian press agency reported.
Kudrin also announced the Russian economy is in the midst of a nearly 20 percent increase and the GDP for the next three years should range between 6.0and 6.3 percent.
Source: United Press International
Related Articles
- MedPro Scores 87 Percent Sales Revenue Increase in Second Quarter
- NEXTEP SYSTEMS Continues 100 Percent Annual Growth; Increases Client Base in Key Markets and Industries
- Itronics First Half 2008 Sales Up 39 Percent, Including a 35% Increase in GOLD'N GRO Fertilizer Sales and 64% Increase in Silver Sales
- TEP, ACC Staff Agree to 6-Percent Base Rate Increase, 4-Year Freeze
- UTC Reports First Quarter EPS Increase of 19 Percent on 13 Percent Revenue Growth; Increases 2006 EPS Outlook
- Vintage Petroleum Reports Third Quarter Results, Earnings Increase 164 Percent; 2005 Targets Increased
- Russian Government Increases Export Duties for Oil Products
- Russian Production Increases, Exports Decrease
- J.D. Power and Associates Reports: The Number of Wireless Calls Experiencing a Problem With Initial Connections Declines 50 Percent, Despite an Increase in Calling Volume
- New Software From Quickshift Increases Microsoft SQL Server and Windows Server Performance By More Than 100 Percent; Patented Technology Increases Performance Without Costly Hardware or Software Upgrades
 |
 |
User Comments (0)
RSS Feeds