Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile

LATEST NEWS

16:54 28-04-2017
Austrian OMV to purchase additional volumes of gas from Gazprom
16:26 28-04-2017
Rosatom and Slovakia negotiate spent nuclear fuel reprocessing
15:54 28-04-2017
Monument to first President of Vietnam to be erected in Russia
15:35 28-04-2017
Californian scientists push for establishing bricks production on Mars
15:14 28-04-2017
Raven Russia buys from Finns two business centers in St. Petersburg
14:45 28-04-2017
Radiological center to be built in Moscow region
14:19 28-04-2017
Austria invites Putin to mark 50th anniversary of cooperation with Gazprom
13:50 28-04-2017
Russian scientists invent new heavy-duty polymer
13:25 28-04-2017
Son of Russian Prosecutor General to engage in construction in Crimea
12:28 28-04-2017
Russia ready to assist Japan in rebuilding Fukushima NPP, Putin says
12:14 28-04-2017
Hungary built second fence from migrants on Serbia’s border
11:25 28-04-2017
Gazprom to receive permits for Nord Stream 2 by mid-2018
11:03 28-04-2017
Investment in Yamal LNG project reached $23.4 bn
10:47 28-04-2017
Japanese might take part in preparation of Arctic LNG 2 project
10:18 28-04-2017
Russia allocates $1,4bn to support its manufacturing industry
09:59 28-04-2017
RDIF and JBIC determine mechanism of Russian-Japanese Investment Fund
09:41 28-04-2017
World’s largest shipyard to be completed in China soon
17:52 27-04-2017
Russian Rosnano and Finnish Fortum set up $530m wind power fund
17:32 27-04-2017
$2m motorway to be built in Russian city of Volgograd
17:08 27-04-2017
Start of Turkish Stream pipe laying scheduled for this summer
16:52 27-04-2017
$1,4m bridge across Don River to be erected in Russia
16:36 27-04-2017
Innovative medical cluster to be built in Russian North Caucasus
16:20 27-04-2017
Austrian building group Strabag increases its net profit by 55%
16:02 27-04-2017
“Branded” trains to be launched in Moscow region by 2018 World Cup
15:44 27-04-2017
Spaniards prepare reconstruction project for Russia-Georgia’s only road
15:22 27-04-2017
PGNiG files claim against Gazprom over antitrust law violation
14:46 27-04-2017
Chilean becomes first architect to win Gothenburg Prize
14:22 27-04-2017
Uber launches flying taxi by 2020
13:44 27-04-2017
Gazprom files €730m counter-claim against Italian Saipem
12:32 27-04-2017
China allocates over 6bn yuan to building e-vehicle factories
All news

ARCHIVE NEWS

«    May 2017    »
MonTueWedThuFriSatSun
1234567
891011121314
15161718192021
22232425262728
293031 

Putin: Construction needs a special program of support

logo russianconstruction.com
Putin: Construction needs a special program of support

The situation in the RF economy is complicated but not critical - there are encouraging signs.

The President of the RF, Vladimir Putin, spoke about this in his annual address to the deputies of the Federal Assembly and the citizens of Russia. He discussed the situation in the country and the interior and foreign policy of the state.

In particular, he said that Russia should be ready for the fact that low oil prices and external restrictions may stay in place for a long time. The inflation decrease and national currency stabilization were also outlined.

But it is necessary to change the structure of the economy, with extractive industries playing a major part.

The majority of industry is in the risk zone. Construction, automobile production, railway engineering, and consumer goods manufacturing all need special programs of support. The financial resources for that are being provided. The government is to correct the situation in the economy. The main thing is to create new jobs.

The RF cabinet of ministers is charged with preparing proposals on the creation of a special project office to monitor the most important projects. Besides this, it is necessary to implement an integrated mechanism of payment administration. Russia needs companies capable of both providing the country with modern high quality products and winning on world markets. Such competitive domestic enterprises will be supported by the state.

The federal budget deficit for 2016 must not surpass 3% even if incomes turn out lower than expected. Every budget cycle must be started with fixed priorities, and the role of state programs here should be of a determined nature.

The control of state finance transfers, including federal and regional subsidies, should be significantly stricter. State finances should be transferred only via single treasury accounts. Tax conditions for businesses should be better next year – but for now, the army of controlling entities are preventing businesses from operating.

Last year a capital amnesty was announced, but business is not hurrying to take advantage of it. This means that the procedure is complicated, Putin remarked, and he promised to make it simpler and to prolong the amnesty for another half year.

Putin then suggested providing the regions with the right to lower the profit tax rate to 0% to make investors’ working conditions more appealing.

Russia, in spite of the current complicated conditions, welcomes foreign investors and appreciates their attitude.

“I think the freedom of business is the most important economic and socially significant issue. And we must address this with the expansion of this freedom from all restrictions. I ask all ministries, agencies, departments, governors and heads of all the RF regions to provide all necessary support”, the president stressed.

The federation’s subjects should also have a motive to strengthen their economic foundation, and income growth should not be met with a reduction in federal subsidies.

The RF president also spoke of the necessity for the creation of a special agency for technological developments in order for enterprises to receive help in getting domestic and foreign patents and licenses, and to continue working on import replacement.

He charged the government with preparing proposals for land use by June 1st, and with continuing the maternity program for two years.

He stressed that 800,000 new nursery schools were built in the country and thanked Premier Medvedev for that. Next year, 50bln rubles will be allotted from the federal budget for the construction of new schools, and the reconstruction and repair of school buildings. Besides this, before March the RF government is to work out a methodology for the optimal location of social objects, Vladimir Putin stressed.

Related publications

PARTNERS

UP