Source Pravda.Ru

Economy Ministry plans no new targeted investment projects in 2003

The Russian Economic Development and Trade Ministry is not going to start new projects within the Federal Targeted Investment Program next year, Deputy Economic Development and Trade Minister Yury Isayev announced at a meeting with journalists today. He explained there was no need to launch new projects but it would be better to concentrate on projects that could really be implemented next year.

The Deputy Minister noted that priorities for the Federal Targeted Investment Program in 2003 would be social projects. Allocations for such projects are expected to reach 40bn rubles (about $1.26bn) out of a total 61.658bn rubles (about $1.94bn) budgeted for the program. In addition, 10bn rubles (about $315m) will be allocated for culture, health care and education, 900m rubles (about $28.31m) for sciences and 10bn rubles (about $315m) for special projects including projects in the defense industry. Finally, 3.5bn rubles (about $110m) have been envisaged to be allocated for the restoration of various facilities in Chechnya.

Comments
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Terrorists attack police officers in Chechnya in a series of poorly prepared acts
Russia Must Die - The Deep State has Spoken
Oil prices may fall as USA saves record oil reserves
Putin sets Merkel against Trump. She doesn't mind
US-Russian confrontation: War is peace, freedom is slavery
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Israel makes final warning to Iran
The ayatollahs now fear the collapse of the Iranian economy
North Korean government warns people of severe famine
Israel makes final warning to Iran
Putin sets Merkel against Trump. She doesn't mind
Ukraine dreams of what it can do to Crimea after winning war with Russia
Russia's five-day war with Georgia: What lies beneath international lies
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Russia refuses to build helicopter carriers, but considers aircraft carriers
US-Russian confrontation: War is peace, freedom is slavery
US-Russian confrontation: War is peace, freedom is slavery
Oil prices may fall as USA saves record oil reserves