Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

2013 Called Year of Missed Opportunities
21.12.2013 16:23
2013 Called Year of Missed Opportunities
Photo Credit:

Deputy Minister of Economic Development Andrey Klepach called 2013 the ‘year of missed opportunities’, says Vedomosti.

      According to the official, the steps that had been taken were not enough to kick-start the economy and the government is certain to adopt a new package of reforms so that 2014 isn’t wasted, either.

      The authorities weren’t even able to avert a slowdown, the Interfax news agency quoted him as saying.

      Capital outflow is expected to total $55-60 billion, in line with the annual forecast while the GDP growth rate proved to be half as much, with 1,4 percent against the initial estimate of 3.6 percent.

      In June 2013, Alexey Ulyukayev replaced Andrey Belousov as Economic Development Minister, but has so far failed to kick-start the economy.

      According to the IMF, Russia’s prospects “have been dampened by a weak external environment, some acceleration of capital outflows and declining equity prices and subdued investment”.

      Industrial output has been flat within the past ten months, and the privatization campaign announced earlier by the Medvedev cabinet has stalled amid a bleak economic outlook and reluctance of state corporations’ management to share their revenues and power with foreign players.


Author: Mikhail Vesely

Tags: Andrey Klepach Russian economy    

Next Previous

You might also find interesting:

The Most Popular Online Services for Entrepreneurs
The Tax Rate for Self-employed Citizens may Become 4%
Running Small Businesses in Moscow and St. Petersburg is Becoming Less Profitable
The Level of Quality of State Business Regulation in Russia Decreased
Cryptocurrency was Recognizedas as One of the Ways of Laundering Illegal Income

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
protest actions  White Sands   Free Events  Russian oil and gas industry   Russian Literature  North Korea  Mathilde Kschessinska  Sergey Kupriyanov  St. Petersburg  Russian history  Festivals in Moscow  David Cameron  Mercedes-Benz Fashion Week Russia  Alfred Eberling  Izhevsk Museums  music  corruption in Russia  Kazakhstan  Baikal  NSA  satellite  Sverdlovsk region  Russia science  Halloween in Russia  Exhibitions in Moscow  Russian tourism  Russia economy  Resources  Russian theatres  Russian social networks  Russian Cinema  Rostov Region  Alexei Kudrin  Wooden Architecture  Victory Day  Kremlin  third places  US sanctions  Kopeysk  Old Moscow  Education and Science  St. Basil's Cathedral  Euro-5  Bashkiria  Russian economy  Russian Theater  Russian business  the Crimea  Moscow  Pacific Fleet 

Travel Blogs
Top Traveling Sites