Author`s name Pravda.Ru

The investments growth will amount to 20% in Russia by the end of 2000

Andrey Illarionov, the Economic Advisor for the Russian President announced preliminary totals for the year 2000 on Wednesday. The GDP rise will amount to 7%, he said and the growth in the production sphere - to 10%. According to preliminary estimations , the investments growth will amount to 20% in Russia in 2000, the volume of export will grow by 40%, and the gold and foreign currency reserves will grow two-fold. Illarionov said that these indicators will be the best in Russia over the past quarter of a century. At the same time, Illarionov noted that the legislative and executive branches of power in Russia have failed to benefit from unique economic conditions in the year 2000 for quality improvement of the economic situation in the country, Prime-Tass announces. Economic growth was reached because of the favourable conditions on the world markets and not due to effective economic policy, the presidential advisor said.