Wednesday, April 8, 2009

A large part of Russia did not survive until 2020.

Most of the Russian economy is so ineffective, that does not survive the next decade. This statement was made assistant to the Russian President Arkady Dvorkovich, the PRIME-TASS.
Dvorkovich the opinion, in Russia it is necessary to create new and effective production and technology and to stop lending to inefficient production. "Otherwise we will lose" - said Dvorkovich. In addition, he said, without the modernization of production in Russia "has no chance to maintain the pace of economic growth."
Earlier, Prime Minister of Russia Vladimir Putin, speaking in the Duma, said that the right of state to receive only those companies that are restructuring the business and able to service their debts. Premier said that if the closure of any business is inevitable, you should not save their owners, care for employees in these enterprises Nationals.
Recall that in December 2008, the Russian government approved a list of the three backbone entities of strategic importance that will be able to count of state in one form or another. The budget of 2009 for this purpose is reserved 625 billion rubles: gosgarantii 300 billion in loans and 325 billion dollars in direct aid.
Previously, it was reported that on the basis of January 2009 industrial production in Russia declined by 16 percent over the same period a year earlier. This decline was a record since 1994, when the fall promproizvodstva was 18 percent. Rosstat recorded in February industrial production growth at 6.4 percent in January (excluding seasonal factors) and a decrease of 13.2 percent compared to February 2008.
This reduction in Russia's GDP in January-March this year was seven percent. The fall of Russia's GDP is due to the global financial crisis and falling demand for the country's main export commodities. In the Ministry of Economic Development has stressed that the sharp decrease in GDP and domestic factors have affected, in particular, lack of economic diversification. In 2008, GDP grew by 5.6 per cent and this decline by 2.2 percent.

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