Russia’s Admiral Grigorovich frigate sails to Mediterranean SeaMilitary & Defense September 25, 11:36
Russian lawmaker calls German election outcome ‘predictable’Russian Politics & Diplomacy September 25, 10:46
Russian-Chinese naval drills ‘Joint Sea 2017’ completed in VladivostokMilitary & Defense September 25, 10:29
Independence referendum underway in Iraqi KurdistanWorld September 25, 9:47
Russia and US have no plans to curtail space cooperationScience & Space September 25, 9:30
Denis Matsuev: That extraordinary idea workedSociety & Culture September 25, 8:00
Tehran's top diplomat slams 'fake' empathy from Trump for IraniansWorld September 25, 6:06
Merkel wins Bundestag electionsWorld September 25, 5:37
Expert says North Korea won’t test thermonuclear warhead in Pacific OceanWorld September 25, 4:26
MOSCOW, October 2 (Itar-Tass) —— No effective mechanisms have been established to reform the housing and sector, Russian President Vladimir Putin told the investment forum Russia Calling.
“We have failed to produce effective mechanisms to reform this sphere,” he said, adding that the condominium mechanism did not work effectively enough. “But the potential investment attractiveness is rather high.”
At the same time Putin pointed to the need for addressing one more issue, that of “cardinal reduction of corruption.”
He said different businesses and firms on the market were financed from municipal budgets.
“This mini-monopolism ruins the whole system,” he said, adding that struggle against corruption in the housing and utilities sector was a great challenge still to be dealt with.