Legislation to improve Russian investment climate needs to be adopted in 2012 — Shuvalov
Interfax - 4.23.12 - JRL 2012-74
MOSCOW. April 23 (Interfax) - Legislation aimed at improving the investment climate in Russia should be adopted in 2012, First Deputy Prime Minister Igor Shuvalov said at the National Business Initiative: Roadmap to a Favorable Investment Climate conference in Moscow on Monday.
file photo"In my view all the legislative developments within Group 2020 and all roadmaps within business initiatives should be made into legislation during 2012," he said.
This includes supporting access to foreign markets and supporting exports, increasing the accessibility of energy infrastructure, simplifying procedures for receiving building permits and improving customs administration.
"If we chose 4-5 points where we can show ourselves and the outside then we can achieve real results and other institutes will start to join up" Shuvalov said.
Russia does not "have time to lose," he said. The government will have to make some hard decisions, deputy prime minister said. "We need to understand that changes to attract capital are more important than other risks," Shuvalov said.
In any issue there are specialists that say that amending legislation could reduce the population's safety, he said. "Houses will fall down.... But houses are falling anyway! We propose simpler customs procedures and are told there will be more contraband. But there already is a lot of contraband," Shuvalov said.
The important thing is to find the right balance, he said. "Because of course there will be some degree of sabotage, people are used to earning from gaps in our legislation," he said. Not all the initiatives to improve the investment climate in Russia will be see positively by society (including entrepreneurs), Shuvalov said. But for most of the population, especially small and mid-sized businesses, this will be a serious relaxation and an opportunity for serious investment he said.
The first deputy prime minister said the new government would get to work in May. It will therefore have two months for the Federal Assembly to support legislative initiatives. The government will also have the fall session of the State Duma, he added. "It is not necessary for all laws to come into force in 2013... But the legislative base must be adopted and compiled this year. It is a very difficult task" Shuvalov said.
Keywords: Russia, Economy, Investment - Russian News - Russia
MOSCOW. April 23 (Interfax) - Legislation aimed at improving the investment climate in Russia should be adopted in 2012, First Deputy Prime Minister Igor Shuvalov said at the National Business Initiative: Roadmap to a Favorable Investment Climate conference in Moscow on Monday.
file photo"In my view all the legislative developments within Group 2020 and all roadmaps within business initiatives should be made into legislation during 2012," he said.
This includes supporting access to foreign markets and supporting exports, increasing the accessibility of energy infrastructure, simplifying procedures for receiving building permits and improving customs administration.
"If we chose 4-5 points where we can show ourselves and the outside then we can achieve real results and other institutes will start to join up" Shuvalov said.
Russia does not "have time to lose," he said. The government will have to make some hard decisions, deputy prime minister said. "We need to understand that changes to attract capital are more important than other risks," Shuvalov said.
In any issue there are specialists that say that amending legislation could reduce the population's safety, he said. "Houses will fall down.... But houses are falling anyway! We propose simpler customs procedures and are told there will be more contraband. But there already is a lot of contraband," Shuvalov said.
The important thing is to find the right balance, he said. "Because of course there will be some degree of sabotage, people are used to earning from gaps in our legislation," he said. Not all the initiatives to improve the investment climate in Russia will be see positively by society (including entrepreneurs), Shuvalov said. But for most of the population, especially small and mid-sized businesses, this will be a serious relaxation and an opportunity for serious investment he said.
The first deputy prime minister said the new government would get to work in May. It will therefore have two months for the Federal Assembly to support legislative initiatives. The government will also have the fall session of the State Duma, he added. "It is not necessary for all laws to come into force in 2013... But the legislative base must be adopted and compiled this year. It is a very difficult task" Shuvalov said.