Moscow Government Estimates Industrial Growth In 2001

The rate of industrial growth is expected to reach about 7 or 8 per cent in Moscow by the end of 2001, Deputy Mayor of Moscow Valery Shantsev announced at a press conference in the capital of Russia today. He stated that this rate would be higher than expected earlier. Commenting on economic results of Moscow's development in 2001, Shantsev stressed that the volume of trade went up almost 900 billion rubles (about $29.81 billion) in 2001. The city's budget was fully implemented and all programs planned at the beginning of the year were fully financed.