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PM: Anti-crisis plan aims at improving Russia’s investment climate, cutting costs

February 02, 16:14 UTC+3 GORKI
According to the Russian prime minister, the aim is further improvement of conditions for doing business in Russia and of course improvement of investment climate
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Russian PM Dmitry Medvedev (right)

Russian PM Dmitry Medvedev (right)

© Alexander Astafyev/Russian government's press service/TASS

GORKI, February 2. /TASS/. The anti-crisis plan is aimed at improving Russia’s investment climate and cutting costs, Prime Minister Dmitry Medvedev said at a meeting on draft plan of measures to provide the country’s stable socioeconomic development in 2016.

"The proposed measures should positively influence the regulatory environment and result in cost saving in the economy," PM said, adding that "the aim is further improvement of conditions for doing business in Russia and of course improvement of investment climate."

According to Medvedev, a considerable package of proposals aimed at creating environment for a stable mid-term economic development, makes the anti-crisis plan for 2016 different from the one adopted in 2015.

PM also said the draft anti-crisis plan implies structural measures needed for a sustainable economic growth.

Compliance with social obligations still among priorities of 2016 anti-crisis plan

The draft anti-crisis plan for 2016 does not imply raising of retirement age and keeps compliance with social obligations among top priorities, Russia’s Prime Minister went on to say.

The document contains two parts, the first implying prompt [anti-crisis — TASS] actions and the second aimed at economic development.

"Compliance with social obligations and maintenance of an adequate situation on the labor market is still a priority," Medvedev said. "The proposed measures do not imply raising of retirement age, which is being discussed now, but imply a whole range of various proposals, which needs to be considered and agreed," he added.

According to Medvedev, the draft plan also implies aide to be granted to various sectors of industry and measures to support export.

"We unofficially called it an anti-crisis plan. The new document is different from the previous one as apart from anti-crisis solutions it contains a substantial package of proposals, aimed at laying the groundwork for a stable mid-term economic development," Medvedev said.


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