Kremlin offers condolences to Moscow storm victimsRussian Politics & Diplomacy May 30, 14:22
Lavrov slams Macron's 'media propaganda' remarks as post-Obama policy aftereffectRussian Politics & Diplomacy May 30, 14:14
Russia to launch Proton-M carrier rocket with US communications satelliteScience & Space May 30, 13:25
Moscow concerned over US threats against Syria’s armed forcesRussian Politics & Diplomacy May 30, 13:08
Moscow blames Kiev for sabotaging Minsk peace dealRussian Politics & Diplomacy May 30, 13:03
Press review: Gazprom returns to Iran and airline security tops talks in CairoPress Review May 30, 13:00
Serbian PM says no plans to join NATOWorld May 30, 12:34
Russian diplomat says G7 ‘infected with hubris’ clouding group’s judgementRussian Politics & Diplomacy May 30, 12:14
Moscow concerned over no breakthrough in US administration’s relations with RussiaRussian Politics & Diplomacy May 30, 11:41
MOSCOW, April 26. /TASS/. The Russian economy may decline 1% at 2016 year-end, Chairman of the Russian Center for Strategic Research and ex-Finance Minister Alexei Kudrin said on Tuesday.
"My forecast is the contraction of about one percent against the oil price of $43 [a barrel] if it is the average price," Kudrin said.
Russia’s GDP fell 3.7% in 2015. The Economic Development Ministry projects the 0.2% drop of the economy in 2016.
Furthermore, the state management efficiency is very low at present, Kudrin said.
"The level of the state management and the efficiency of the statement management are very low now. Accordingly, measures are taken to improve the state management," Kudrin said commenting on news that Prime Minister Dmitry Medvedev approached President Putin with a proposal to set up a state commission on national administration reforms.