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
“Support from Russian citizens has always helped us, and I’m confident that the government’s future line-up will rely on the people. We must never forget about the needs of ordinary people. We must always remember how government-level decisions influence the lives of all ordinary Russian citizens.”
"This calls for substantial changes in the laws. The infrastructure of the financial market should be strengthened and superfluous administrative barriers have to be removed, thus cutting the cost of attracting capital to Russian money markets."
"In recent years, more and more enterprises in the real sector have regarded the stock market as a convenient and reliable instrument for raising funds for investment projects. Just one example: in 2007, the issue of securities raised over 850 million roubles, or 13 percent of the total amount of investments. The results this year will be more modest. This is understandable in the light of the global financial crisis. However, the main conclusion remains that the financial sector has become part and parcel of the Russian economy. On the whole, it is coping with its main job of converting national savings into investments and production development."
"The recent events - the substantial drop in the shares of domestic enterprises -- have shown how uncomfortable it is when most of the decisions as to which securities to buy or sell in Russian money markets are made outside the Russian Federation, based on criteria that have little to do with the real state of our economy and Russian enterprises. As a result, the current prices of the shares of our enterprises are far lower than the real value of their business."
"It is necessary to develop the microfinancing. We should take advantage of this groundwork. We agreed to try our best to make municipal orders and local tenders, even those held at the federal level, accessible to SMEs."
"Russia-German gas cooperation, it is developing very well indeed. Today we have reached the level about which we merely talked a few years ago. It was decided at the complicated talks, that our German partners would cooperate with us in producing gas on Russian territory. We are partners in the project you have mentioned, Nordstream, on transporting gas to Europe. Gazprom has become a co-owner of the German transportation network. It goes without saying that this makes our partnership well-balanced all the way."
"E.ON AG owns a big package of shares in Gazprom, and has been represented in its board of directors in the last few years. We have been jointly producing gas and transporting it to other European countries. Needless to say, this strengthens stability and reliability, and I would even say, mutual control of the situation in our economies, and in part, in this sector."
"Today we will consider the report on budget execution within the first nine months of 2008. I would like to underscore that financing of priority budget items was boosted, which is good news. For example, education expenses have totaled 198.6 billion roubles, compared with 174 billion within the same period of the last year. We have allotted 155 billion roubles to the development of healthcare and sports, which is almost 50 billion more than in 2007. Financial aid to Russia's Regions was boosted as well. Interbudgetary transfers have grown 177 billion roubles, amounting to 740 billion roubles."
"To make strategic plans, investors and local governments should be aware of the Investment Fund's possibilities as well as their own abilities. This means that we need a long-term forecast for replenishing the Fund with money."
"Obviously, one of the major anti-recessionary tools is federal budget funds. We must effectively allocate them to back solvent demand in the economy, and to ensure unqualified fulfillment of social liabilities, including timely payment of state-paid employees' wages, pensions, and benefits."
