ST. PETERSBURG, June 7. /TASS/. The targeted levels of 2.8-3% GDP growth are absolutely achievable in Russia, with even higher growth possible, Deputy Prime Minister Alexander Novak said at the St. Petersburg International Economic Forum (SPIEF).

"The goals of 2.8-3% economic growth are absolutely achievable and higher growth is possible," he said.

The government should "offer terms that would create both confidence and comfortable conditions, to business," Novak added.

The St. Petersburg International Economic Forum (SPIEF) is being held on June 5-8. This year’s theme is "The Formation of New Areas of Growth as the Cornerstone of a Multipolar World." Scheduled events include meetings for small and medium-sized businesses, creative industries, the SPIEF Youth Day, as well as the Drug Security, SPIEF Academy and SPIEF Junior forums. SPIEF is organized by the Roscongress Foundation. TASS is the information partner of the event.