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Medvedev: Lower state role, anti-monopoly policy ensure competition

January 15, 2014, 14:49 updated at: January 15, 2014, 15:49 UTC+3 MOSCOW
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MOSCOW, January 15, 13:47 /ITAR-TASS/. Reduction of excessive state role, well-developed anti-monopoly policy and support for small business are basic conditions for forming competitive climate, Russian Prime Minister Dmitry Medvedev said at the Gaidar economic forum in the Russian capital on Wednesday.

In the view of the prime minister, development of competition is not only the most efficient incentive for innovation and reduction of costs, but also a very important aspect of qualitative economic growth. “Competitive economy is oriented at use of all resources as efficiently as possible and responds adequately to monetary stimulating and higher demand by production growth rather than price growth,” Medvedev noted.

“Three basic conditions exist for shaping real competitive environment. These are reduction of excessive state role, well-developed anti-monopoly policy and support for small and medium business,” the prime minister said.

Generally speaking, this is certain self-restriction of state authorities in some economic industries, the housing and public utility sector and social services, where a private investor and an owner is more efficient by definition and therefore is interested in development of his business, the prime minister believes.

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