Confederations Cup: Russia vs Portugal match sold out, says FIFA secretary generalSport April 25, 21:20
Russian diplomat suggests UN should develop strategy to fight fake newsRussian Politics & Diplomacy April 25, 20:16
Putin backs creation of system to promote Russian goods on domestic marketBusiness & Economy April 25, 19:15
OSCE concerned over Russia’s declaring Jehovah’s Witnesses extremist organizationWorld April 25, 19:00
Russia to complete import substitution program for helicopter engines by 2019Military & Defense April 25, 18:39
Government is not going to reject floating ruble rate, Putin saysBusiness & Economy April 25, 18:10
Russian Navy rids itself of dependence on Ukrainian enginesMilitary & Defense April 25, 17:55
Ukraine's refusal to continue military cooperation prompts Russia to create new industriesMilitary & Defense April 25, 17:50
FIFA Secretary General on her mission and expectations from Confederations CupSport April 25, 17:39
“A number of internal problems hamper our forward movement,” the prime minister said. “They are firstly infrastructure restrictions and low investment dynamics. There is also a serious need to renovate most Russian institutions.”
Economic growth was slower than had been forecast, Medvedev said. “We counted on a more considerable economic revival in the middle of the year. Unfortunately, the foreign economic situation made us revise the mid-term forecast,” he added.
“We also have to correct our inflationary expectations,” Medvedev added, assessing the current rate at 7.8%
In a wider review, Medvedev said industrial output had grown 1.3% over the first eight months of the year while agriculture had strengthened by nearly 5%
Real incomes had continued to rise, the labour market remained stable and unemployment was steady at about five percent of the economically active population against 5.7% last year, he added. State debt and the budget deficit were stable and healthy gold and currency reserves had been maintained.