Statistics for the first half of 2024 confirmed that investment activity remained high. In the first half of the year, the increase in fixed capital investments was +10.9 per cent in real terms, even higher than in the same period last year.

The 2 quarters of this year show an increase of +8.3 per cent, despite a sharp increase in the base of last year (+13.3 per cent in 2 quarters of 2023 after +1.0 per cent in the previous quarter). This effect has not affected growth as much as many experts expected.

“It speaks of the sustainability of our economy and the confidence of the business that builds its long-term plans. Here, of course, and the positive impact of the Government ' s business support measures, which have significantly improved the institutional environment in the country and, consequently, increased investment incentives " , underlined by the Vice-President of the Government of the Russian Federation, Alexander Novak.

For its part, the Deputy Minister for Economic Development of the Russian Federation, Paulina Kruchkov, noted the strengthening of the private enterprise initiative on investment. Despite all the base ' s effects, private investment increased in 2 quarters to +17.4 per cent after +15.3 per cent earlier.

There has also been a marked improvement in these investments. The main increase is due to investments in machinery and equipment, as well as intellectual property, where growth reached +29 per cent in 2 quarters. " These investments are an important factor in future economic growth " , said the heads of the Ministry of Economic Development of Russia.

In line with industry, active growth is taking place in manufacturing, with two-digit growth (+23.3 per cent in 2 quarters). Here, the main growth from investments in engineering (+53.3 per cent) and the chemical complex (+35.5 per cent) is, in large part, investment in domestic production - domestic machinery, cars, household chemistry and other, i.e. supply economy. In addition, high investment activity in 2 quarters occurred in tourism (+37.2 per cent), construction (+30.4 per cent), trade (+29.3 per cent).

Investment in tourism is supported by public measures. The concessional lending programme, which includes tourism infrastructure projects in addition to hotels. The total portfolio of programme projects is 1.3 trillion roubles, subsidized credit portfolio - 787.7 billion roubles.

" With these high results in the first half of the year, we expect and the higher output in 2024 as a whole, rather than in the scenarios published in April, this will be taken into account in the country ' s medium-term socio-economic development forecast, Paulina Kruckov noted.

Moreover, high investment was one of the President ' s tasks to achieve the national goal of a sustainable and dynamic economy, and it had recalled. " To this end, the Government will continue to make business comfortable so that it can invest in the economy, continue to improve support mechanisms that share possible risks " , by the Deputy Minister.

Source: https://economy.gov.ru/material/news/rost_investiciy_v_i_polugodii_vo_mnogom_obespechili_otrasli_eko. ♪

Source: freepik.com

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