Kiev halves water supplies to LPR from another pumping station — LPR negotiatorWorld December 03, 0:50
Civilian wounded by Ukrainian sniper near Gorlovka — agencyWorld December 03, 0:31
Reconciliation agreements signed with 6 Syrian settlements — Russian Defense MinistryWorld December 02, 23:50
Russia doesn't understand why Kiev still continues operation in Donbass — LavrovRussian Politics & Diplomacy December 02, 22:59
Russian field engineers take off for Syria to take part in Aleppo demining operationMilitary & Defense December 02, 21:24
Putin praises Hermitage Museum for its efforts in restoring PalmyraSociety & Culture December 02, 21:03
Lavrov says 'Crimea is not a problem, it is a part of Russia'Russian Politics & Diplomacy December 02, 20:42
Russian top diplomat says Syria cannot repeat Libya’s fateRussian Politics & Diplomacy December 02, 19:53
Key facts about the '90s price liberalization in RussiaBusiness & Economy December 02, 19:46
MOSCOW, January 20. /ITAR-TASS/. Russia’s Minister of Economic Development Alexei Ulukayev forecasts the inflation in 2014 will not be above five percent.
“I believe, in 2014 we shall manage to keep the inflation at the rate of 5%,” he said in an interview with the Komsomolskaya Pravda daily, adding, “the target rate of 2013 has not been exceeded much, by only 0.5%.”
“Thus, we shall cope with inflation, while GDP growth is a bigger concern.”
“First of all, we should cut business expenses,” including in natural monopolies’ tariffs, he said.
“Secondly, the resources, the businesses gain from lower expenses, should be directed for development of production, not hidden in offshore zones.”
“And, thirdly, we should support the export. It is not correct to focus only on the domestic market, thought it is as huge as the Russian one. However, in the international markets we shall face the obstacles other countries are putting in way of our products.”
The fourth factor, Ulukayev said, should be overcoming the infrastructure limitations.
“Quite often businesses find it cheaper to produce goods than to deliver them,” the minister said. “We should have new roads, ports, and airports.