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President Putin called upon Germany to more actively invest in the Russian economy. Currently, German investments in Russian assets accounted for over 6 billion euros. However, Germany ranked fifth in direct investments.

The Russian head of state also pointed out the importance of developing effective management, and for that purpose Russian programmes on management personnel training should be improved. He said over 30% of specialists who studied in Germany, were employed in joint ventures. It was of great importance since bilateral contacts should focus on developing cooperation.

Mr Putin said the Russian Government was drafting a resolution on a personnel training programme that included training for civil officials in foreign and Russian companies at all levels, from federal to municipal.

A federal programme on management personnel training is being implemented in the country. Over 26,500 people have completed professional training since 1998. Over 6,000 of them studied outside Russia. The state allocated 340 million roubles from the federal budget for the programme.