Moscow real sector to grow

Moscow's real economy growth is projected to reach 11-12 percent in 2007, Moscow Mayor Yury Luzhkov told a real estate taxation conference, adding that the non-financial sector had started developing at a steady pace after the financial crisis of 1998 and had been gaining 11 percent annually. Luzhkov added that Moscow's GRP was expected to double by as early as 2009, a year earlier than envisioned by President Vladimir Putin's program.