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Russian civil aviation is aiming at the Southeastern Asian market Greetings from the Sochi Investment Forum 2014

Russia's Finance Minister explains how regions should attract foreign investors

In difficult economic conditions, when regional budgets are going through hard times, the Finance Ministry suggests avoiding the accumulation of social costs and focusing on structural measures.
By Pavel Inzhelevsky, Pavel Gazdyuk, Anna Kuchma, Anna Levicheva, RBTH, Jay Gonzalez

"The thing is that regional governors work with entrepreneurs in order to create favorable conditions. This should be done not at the expense of a budget increase, but at the expense of structural reforms. A businessman should be offered land, infrastructure, and communications. That is the most important thing. The budget shouldn't be used to accumulate costs. Russia's business climate is largely dependent on the activity of regional governments."

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September 19, 2014
Tags: finance, sochi forum, economics, rbth video

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