Interfax: No drastic shift in Russia’s business climate made so far – presidential aide

File Photo of Cash, Coins, Line Graph

(Interfax – December 16, 2013) Russian presidential aide on economic issues Andrey Belousov has said that the efforts aimed at improving Russia’s business climate have so far not led to a breakthrough, the privately-owned Russian news agency Interfax reported on 16 December. “The euphoria we felt due to [Russia’s] advancement in the Doing Business ranking by almost 20 percentage points […]

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Interfax: Kremlin aide says reasons economic growth measures not working must be analyzed

File Photo of Cash, Coins, Line Graph

MOSCOW. Dec 17 (Interfax) – The reasons why measures to support economic growth are not working and why interest rates are not coming down need to be analyzed, Andrei Belousov, a Russian presidential aide, told reporters. “As regards [November] industrial output dynamics, the result is of course negative,” Belousov said. This is partly because the markets for metals, both ferrous […]

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Interfax: Kremlin aide sees no major breakthrough in improving Russia’s business climate

File Photo of Cash, Coins, Line Graph

(Interfax – December 16, 2013) Russia has not yet managed to achieve a radical breakthrough on the issue of improving its business climate, the Russian president’s aide on economic issues, Andrei Belousov believes. “The euphoria from the nearly 20 percent advancement in the Doing Business rating passed about three hours after we found out the results,” Belousov said on Monday […]

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Russia at risk of recession but can avoid it – minister

File Photo of Cash, Coins, Line Graph

(Interfax – MOSCOW, June 13, 2013) Russia runs the risk of a recession, but there are opportunities to avoid it, Economic Development Minister Andrei Belousov said at a Thursday press conference in Moscow dedicated to the upcoming St. Petersburg International Economic Forum (SPIEF). “The risk of a recession does exist, but we aren’t in a state of recession, and we […]

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Russian economy minister dismayed by economist Guriev’s resignation, departure

Sergei Guriev file photo

(Interfax – MOSCOW, May 31, 2013) Russian Economic Development Minister Andrei Belousov is dismayed by prominent Russian economist Sergei Guriev’s decision to resign as head of the New Economic School (NES) and not return to Russia from abroad for the time being. “This is very disappointing for me. I’ve known Sergei for a very long time. We have had significant […]

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Russia should close gap between high consumption, low production efficiency – minister

File Photo of Cash, Coins, Line Graph

(Interfax – MOSCOW, May 15, 2013) Consumption in Russia is higher than production efficiency, and this could weaken the ruble and drive up inflation in the medium-term if labor productivity does not significantly improve, Economic Development Minister Andrei Belousov said while presenting at a Wednesday conference entitled ‘The National System of Competences and Qualifications,’ organized by the newspaper Vedomosti and […]

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Belousov upbeat about investment inflow, says capital flight a myth

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(Interfax – SOCHI, April 22, 2013) Economic Development Minister Andrei Belousov has described claims that capital outflow from Russia has assumed a “gigantic” scope as a myth. “Assertions that capital outflow has assumed a gigantic scope, and that there are signs of capital flight are a myth,” Belousov told reporters after a meeting on economic issues chaired by President Vladimir […]

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