This Year For The First Time More Russian Capital Has Been Invested In Moscow Economy Than Exported

In 2001, for the first time, more Russian capital has been invested in the Moscow economy than exported, Moscow Mayor Yuri Luzhkov told the 4th Moscow-Invest international investment forum in Berlin. His statement was a reply to a remark by the president of the Union of the German Economy in Russia, Otto Wolff von Amerongen, who said at the opening of the forum that "the beginning of a return of Russian capital into the country, say, from Cyprus, would be a good sign for all." Otto Wolff von Amerongen said that the holding of the 4th Moscow-Invest international investment forum in Berlin attested to an increased interest among German business people in closer cooperation with Russia. He said German-Russian trade in 2000 grew to 40 billion Deutschmarks. In 2001, this figure may reach an estimated 44 to 45 billion Deutschmarks. He pointed out the importance of the Russian president's recent visit to Germany for cementing Russia's image of a democratic European country in Germany. The Moscow-Invest 2001 forum is held under the patronage of Moscow Mayor Yuri Luzhkov and Berlin Mayor Klaus Wowereit. It was organized by the Moscow International Business Association.