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Vladimir Putin wonders why Russian entrepreneurs prefer investing in Greece rather than in Rostov region

August 22, 2013, 23:28 UTC+3
Putin noted that the Rostov region had managed to form a system of supporting business, including mid-sized entrepreneurs
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Photo ITAR-TASS / Mikhail Klimentyev

Photo ITAR-TASS / Mikhail Klimentyev

ROSTOV-ON-DON, August 22 (Itar-Tass) - Russian President Vladimir Putin on Thursday wondered why Russian entrepreneurs preferred investing money in Greece rather than in Russian regions.

“I was surprised to learn that significant investments have recently been made in Greece,” Putin told a conference on the socio-economic development of the Rostov region on Thursday. “Greece is a nice country, which is very close to us spiritually, but we also know that it is facing huge economic and financial problems,” Putin went on to say.

“If investors choose such a clearly problematic country for investments, preferring it to the Rostov region, then a question comes to mind: Why? What do they lack here?” Putin said. He assumed that “a frequent change of rules of the game” could be the root cause and suggested discussing the matter openly.

Putin noted that the Rostov region had managed to form a system of supporting business, including mid-sized entrepreneurs. At the same time, he called for the introduction of the best entrepreneurial practices applied in other Russian regions in the Rostov region.

Putin put special emphasis on agriculture and the processing and food industries.

“People working in those areas complain about bureaucratic barriers, huge interest credit rates and urgent problems linked to gaining access to engineering infrastructure,” the Russian president said.

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