Russia is not going to curtail programs to improve business climate

27th February 2015

Despite all the difficulties and risks, Russian economy continues to grow, and the domestic market has always been and remains to be one of the most intensive and one of the most attractive markets in Europe, - said the speaker of the State Duma Sergey Naryshkin

The Russian Federation is not going to curtail programs to improve business climate, - RIA Novosti quote the Chairman of the State Duma of the Russian Federation Sergey Naryshkin. “Even in a difficult financial and budgetary situation, Russia will continue to fund large infrastructure projects and promote mechanisms of public-private partnership and project financing tools,” - said the speaker of the State Duma of the Russian Federation.

Let us remind that in late January the international rating agency Standard & Poor's decided to decrease Russia's sovereign credit rating in foreign currency from BBB- to BB+; outlook negative. As explained by S&P, such a step was taken due to decreased flexibility of the Russian Federation’s monetary policy and the worsening prospects of economic growth in Russia. It was also reported that in late January Russian government announced a bailout plan to support the economy in 2015-2016.

At the roundtable, which was focused on new opportunities for cooperation with foreign investors in the current economic situation, Sergey Naryshkin noted that despite all the difficulties and risks, Russian economy continues to grow, and the domestic market has always been and remains to be one of the most intensive and one of the most attractive markets in Europe. “Attempts to isolate Russia are doomed to failure and no external political pressure on entrepreneurs will stop their intention to develop dialogue and cooperation with partners”, - said the speaker of the State Duma.

Sergey Naryshkin also noted that Russia sees and appreciates the willingness of foreign investors to maintain mutually beneficial partnership and trust.

In the near future some Russian regions will get the status of special economic zones (hereinafter - SEZs) and territories of advanced development. Currently there are six industrial production zones, five technological zones, four tourism and two logistics SEZs in Russia.

 

 

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