MOSCOW, August 17 (RIA Novosti) -Russian companies increased their domestic investment by 10.8%, year-on-year, in the first half of 2006, but further growth is limited by the economy itself, Russia's economics minister said Thursday.
"We expect an 11% growth in investment in 2006 as a whole," German Gref said. "Actually, there is enough capital in the Russian economy, and what is important now is how it is used. It is unlikely that it [the economy] will be able to absorb more capital."
Gref said the growth rate in reported investments increased by two percentage points, year-on-year.
He added that monopoly sectors accounted for 40% of investment, whereas industry and housing accounted for 15% and 8%, respectively.
