Former Argentine president to become senatorWorld October 23, 4:19
Coalition wants Raqqa to be a Syrian center beyond Assad’s control - Russian senatorRussian Politics & Diplomacy October 22, 14:22
Putin notes dynamic development of political dialogue between Russia, KazakhstanRussian Politics & Diplomacy October 22, 12:09
US and coalition bomb Syrian Raqqa, like Dresden was bombed in 1945 - Defense MinistryMilitary & Defense October 22, 9:56
NATO rejects media claims alliance unable of quick deploymentWorld October 21, 13:01
Russian senior diplomat: Moscow has 'no doubts' that Iran fulfilling JCPOA dealRussian Politics & Diplomacy October 21, 11:04
Monuments to Soviet troops in PolandWorld October 21, 10:57
Putin and Erdogan give positive assessment to joint efforts in Astana processWorld October 21, 3:03
Privileges to certain languages in Ukraine’s education law to worsen situation — diplomatRussian Politics & Diplomacy October 20, 21:46
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.