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Russian government presidium to discuss ways of improving investment climate

February 09, 2012, 8:03 UTC+3

The presidium of the Russian government to be chaired by Putin will meet to discuss how to improve the investment climate in the country

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MOSCOW, February 9 (Itar-Tass) —— The presidium of the Russian government to be chaired by Prime Minister Vladimir Putin will meet on Thursday, February 9, to discuss how to improve the investment climate in the country.

Minister of Economic Development Elvira Nabiullina will speak on the matter. According to her ministry, a number of measures were taken in 2011 in order to improve the investment climate in Russia. For example, the Russian Fund of Direct Investments was created in the amount of 62.6 billion roubles in order to encourage direct investments.

The Agency for Strategic Initiatives was created to facilitate concrete projects and new businesses. The agency supports projects and works to eliminate systemic limitations for business that transpire in the course of project implementation.

More than 2,000 projects have been submitted to the agency up to date.

Delovaya Rossia (Business Russia) organisation studied the best practices for attracting investments and worked out a model for improving investment climate in the regions. The programme was approved by the Ministry of Economic Development, and 69 of 83 regions endorsed similar programs as of January 1, 2012, and 14 are drafting them.

The head of the Federal Service for Tariffs will then speak about the results of control over the justifiability of decisions made by the regions in the field of state regulation of electrical power tariffs.

Federal Space Agency's (Roscosmos) chief Vladimir Popovkin will present a draft program for the development of the GLONASS space navigation system in 2012-2020. The purpose of the program is to expand the use of the system for special and civilian use, including commercial and scientific, and international.

Minister of Health and Social Development Tatyana Golikova will report on a draft agreement between Russia and Kazakhstan on medical services to the Baikonur space centre personnel.

The presidium will also consider a set of documents submitted by the Emergencies Ministry in order to provide financial assistance from the government’s reserve fund to those affected by emergencies and to finance search and rescue operations.

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