Staff shortage problem to persist in Russia in coming years — minister

Business & Economy February 27, 14:47

The agenda of development, investment, new capacities and issues of attracting own and borrowed capital, cost of money, making it longer are expected to be in focus in coming years, Maxim Reshetnikov noted

MOSCOW, February 27. /TASS/. The problem of shortage of staff, its training and competition on the labor market will exist in Russia’s economy in coming years, Economic Development Minister Maxim Reshetnikov said.

"The problem that will follow us in coming years is the problem of the labor market, shortage of staff, training of staff, competition for staff. We will solve this and other problems together with business," he said at the RUSSIA EXPO.

The agenda of development, investment, new capacities and issues of attracting own and borrowed capital, cost of money, making it longer are expected to be in focus in coming years, the minister added.

"We understand that amid fairly high interest rates it is not easy to do all this. Business is facing the limitation of investment resources. We will cope with it," he noted.

Read more on the site →