Passenger plane crashes in CubaWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts slam 'Russian hacking' hype as 'fake news' to feed US media's ratingsRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
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.