Source Pravda.Ru

Swedish Economist On The Russian Economy

The economic growth observed in Russia creates a favourable atmosphere for an inflow of foreign investments in the country, renowned Swedish expert in transitional economies Eric Bergloff has told RIA Novosti. In the middle of the 1990s professor Bergloff headed the centre of economic and financial studies in Moscow. Bergloff has taken part in the ceremony of opening the European corporate management institute in Brussels. This centre is designed to help European companies to distribute more effectively financial resources and invest them in industry. According to Bergloff, serious positive trends have begun to be observed in the Russian economy as a result of implementing a well-thought-out programme of large-scale economic transformations. Foreign investors notice numerous positive signals coming from Russia, he observed. In the opinion of the Swedish economist, Russia's accession to the World Trade Organisation and its closer integration into European financial institutes will facilitate the inflow of foreign capital in the Russian economy. At the same time, Bergloff stressed the need to carry out further economic reform, especially in the financial and banking sectors.

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

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