Private capital inflow in Russia reached $41 bln in 2006 - Putin

Putin also said Russia's stock market capitalization reached $1 trillion. "Capitalization of the Russian stock market has come close to $1 trillion and Russia has joined the group of the world's top-10 economies in terms of this indicator. That is just the beginning. These are all important and serious indicators of economic development," Putin said.

Inflation in Russia stood at 9% in 2006 compared with 36.5% in 1999, Putin said. "In 2006, we reached an inflation figure of 9% for the first time. The figure corresponds to the predictive indicators," Putin said.

The Russian government will continue efforts to further reduce inflation, Putin said.

"This year, in 2008, 2009 and 2010, we must reach a level of 4.0-5.0%," Putin said.

Russia's GDP growth will amount to 6.7-6.9% in 2006, Putin said.

"The country's economy continued to grow at a rapid rate. We will receive the final result in March but, according to various estimates, [2006] GDP growth will be 6.7-6.9%," Putin said.

The Russian president said the final GDP result for 2006 will be known after the government analyzed the situation in the electric power sector at the end of 2006.

"In any case, this figure is higher than in 2005, when GDP grew 6.5%," Putin said.