VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN
"Starting in April, part of the temporarily available funds will be placed in bank deposits, which is a measure to support the national banking system today. We also know that the Finance Ministry has planned to increase these funds".
"In spite of some fluctuations of the so-called speculative capital, overall investments in basic assets in the first half of the year increased by 14.5-14.6%. That is a good record. In that sense the Russian economy is a "haven" for foreign capital and we will do everything to support that process".
"I would also like to stress a substantial growth of investment into the national economy. For the first time, we will spend more than a trillion roubles to this end. This will be 35% more than last year".
"And we should create a system that would regulate the situation in the market fairly and rationally based on current legislation.<…> It is necessary to think over the legislation in detail, and eliminate the weak points and loopholes revealed in it. It should be systemic decisions on the formation of more transparent, flexible and fair rules of competitive struggle maintaining steady economic growth, reducing inflationary pressures, and reducing the level of corruption".
"The investment potential of Vneshekonombank and other newly-created development institutions must be used more fully".
"The new law on foreign investments does not ban them. On the contrary, it creates procedures that are transparent and easy for investors to understand. This is in fact the main aim of the law. It contains a closed list of types of activities for which foreigners seeking to control enterprises will have to go through a special approvals procedure".
"The easing of the tax burden will greatly stimulate the creation of a favourable business climate in the country. We expect business to reciprocate by moving out of the "shadow sector". And let me repeat that in general we need broader entrepreneurial freedom. In this connection the Government will initiate large-scale work to remove administrative barriers in the economy. We are talking about reducing the inspection powers of supervisory bodies, replacing permits with notification in the setting up and conduct of business. We should dramatically cut the number of activities subject to licensing as well goods and services that require mandatory certification".
