(Adds paragraph 4)
MOSCOW, February 10 (RIA Novosti) - The Russian Economic Development and Trade Ministry forecasts that direct foreign investments in the country will double by 2008, a ministry official said Friday.
Andrei Klepach said, "The inflow of direct investments will virtually double by 2008 against 2005."
According to the Russian Central Bank, direct foreign investments in Russia stood at $16.7 billion in 2005. The figure is expected to reach $34 billion in 2008.
Klepach said state and private investments were expected to grow by 11.3% in 2006, 2.2% in 2007 and 9.4% in 2008.
