Iran builds third underground missile plantWorld May 25, 14:27
Russia’s cutting-edge multipurpose helicopter to be certified in AugustMilitary & Defense May 25, 14:13
FSB detains four Islamic State suspects for plotting terror attacksWorld May 25, 14:04
Russia gets hundreds of orders for MC-21 new medium-haul airlinerBusiness & Economy May 25, 13:27
Russia, Philippines ready to sign documents on cooperation in various spheres — LavrovRussian Politics & Diplomacy May 25, 13:23
NATO secretary general says 2011 bombardment of Libya aimed at protecting civiliansWorld May 25, 13:06
Press review: Kiev’s Russian rail cut and Montenegrin opposition’s Russian Crimea stancePress Review May 25, 13:00
Stoltenberg says Russia needs to stop supporting Donbass to improve relations with NATOWorld May 25, 12:41
Russian rotocraft maker expects to sign deal with Defense Ministry on Mi-38 deliveriesMilitary & Defense May 25, 12:31
MOSCOW, October 14 (Itar-Tass) - Russia has no alternative to innovative development, Deputy Prime Minister Arkady Dvorkovich said.
The use of accumulated reserves can produce a certain effect in the medium term, Dvorkovich said.
“One can throw money and effect the desired growth. But then this will lead to bigger decline,” the vice-premier said.
By using reserves the government will act accurately. “We have reserves and we’ll use them to implement major investment projects and back small- and medium-size business. Totally, this can incite the economic growth within several months,” he said.
“There is no way, besides modernisation, based on the scientific and technological achievements. Modernisation will help us reach the high rates of economic growth,” Dvorkovich said.