Industrial production growth is expected to reach about 4 percent in Russia this year compared to 2001, Russian Economic Development and Trade Minister German Gref announced at an Internet press conference today. He stated that a rise in GDP would be 4 to 4.1 percent this year instead of the planned 3.5 percent.
A rise in GDP is linked largely to a favorable external economic situation, which provided about 50 percent of this growth. Another about 30 percent of the GDP growth was provided by a rise in incomes of Russian citizens.
Returning to the issue of industrial production growth, Gref stated that the most rapid rise had been observed in the non-ferrous industry (7.7 percent in the first eleven months of 2002) and food and fuel industries (6.7 percent).
After WWII, the Soviet army left Austria, and the latter had always remained a neutral state and never joined NATO
Russia experienced default on August 17, 1998. Today, 20 years after those events, the economic situation in Russia does not seem stable to many