Nearly Third of Russian Govt Decisions Bad For Investment Climate — Medvedev
Interfax - 7.17.12 - JRL 2012-130
MOSCOW. July 17 (Interfax) - Around 30% of decisions and regulations made by the Russian executive branch of power have an adverse effect on the country's investment climate, Russian Prime Minister Dmitry Medvedev said.
file photo"The results are not brilliant. In many cases they are simply discouraging because 30% of the decisions being made, the normative acts being made have a negative effect on the investment climate," he told the State Council on Tuesday.
"All of us need to think carefully which documents are being issued by any particular authority and assess how they affect the economic environment," he said.
Regional executive authorities might have to set up special agencies to monitor the situation, he said.
"We now have a business commissioner. This work was and is being carried out in regions. There are investment commissioners at the level of regions' representative offices. But assessment of the regulating effect is a very important topic," Medvedev said.
Keywords: Russia, Economy, Business, Investment - Russian News - Russia - Johnson's Russia List
MOSCOW. July 17 (Interfax) - Around 30% of decisions and regulations made by the Russian executive branch of power have an adverse effect on the country's investment climate, Russian Prime Minister Dmitry Medvedev said.
file photo"The results are not brilliant. In many cases they are simply discouraging because 30% of the decisions being made, the normative acts being made have a negative effect on the investment climate," he told the State Council on Tuesday.
"All of us need to think carefully which documents are being issued by any particular authority and assess how they affect the economic environment," he said.
Regional executive authorities might have to set up special agencies to monitor the situation, he said.
"We now have a business commissioner. This work was and is being carried out in regions. There are investment commissioners at the level of regions' representative offices. But assessment of the regulating effect is a very important topic," Medvedev said.