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PM: Russian economic policy successful in last decade

January 15, 2014, 13:51 UTC+3 MOSCOW
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MOSCOW, January 15. /ITAR-TASS/. Russian economic policy has been successful in the last decade, but serious refurbishment and high quality of decisions is needed, Russian Prime Minister Dmitry Medvedev said at a plenary meeting of the Gaidar economic forum in the Russian capital on Wednesday.

“To my mind, our current problems resulted from the mistakes in the past. Anyway, there was not a large number of them,” he said. “On the contrary, this sooner resulted from quite successful fulfilment of economic policy in the last 10-12 years that allowed our country to make a major breakthrough and raise to a new qualitative level, where we face absolutely other challenges in their nature and scale as compared with those that our country faced 10-15 years ago, about which Yegor Gaidar [an architect of controversial shock therapy reforms in the early nineties in Russia] was speaking at the beginning of the previous decade,” the prime minister believes.

“To cope with new challenges a majority of already formed institutions and procedures, particularly formal and frequently informal rules under which the state authorities, business, social agencies and the whole civil society of our country exist and work, should be renovated seriously,” Medvedev stated. “This is not just wishes or hypothetical contemplations, this is a call of time in modern conditions,” he noted.

“Today the most important task can be formulated in one word - quality,” the prime minister stated. “This is the quality of labour, quality of goods, produce, quality of projects that are offered for investment and certainly the quality of managerial decisions,” he added. “Finally, all this forms the quality of our life,” the prime minister added.

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