EU summit participants show unity on anti-Russian sanctions — MerkelWorld June 23, 4:11
Moldovan parliament refuses to hold no confidence vote in Foreign Minister Andrei GalburWorld June 23, 2:03
Google.ru’s temporary ban should serve as reminder to others — lawmakerBusiness & Economy June 23, 1:59
Russian lawmaker slams EU’s decision to extend sanctions on Moscow as absurdRussian Politics & Diplomacy June 23, 0:32
IOC spokesperson confirms Bach’s words about possible sanctions on RussiaSport June 22, 23:27
Germany-Chile Confederations Cup encounter in Kazan ends with 1-1 drawSport June 22, 23:12
Putin praises Moscow International Film FestivalSociety & Culture June 22, 21:49
Russian football team getting ready for game with MexicoSport June 22, 21:38
EU agrees to extend sanctions against RussiaWorld June 22, 21:25
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.