Putin Starts His Pro-Business Presidential Campaign With A Vow To End Corruption
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Russian Prime Minister Vladimir Putin has kicked off his presidential campaign with a vow to end corruption and to create a pro-business, pro-growth economic environment. According to Putin himself, Russia will become one of the best countries for business within the next ten years.
The Russian government is looking to accelerate the country’s economic growth to 6-7 percent annually, with the aim of joining the list of the world’s top five economies in five years.
Russian Prime Minister Vladimir Putin has kicked off his presidential campaign with a vow to end corruption and to create a pro-business, pro-growth economic environment. According to Putin himself, Russia will become one of the best countries for business within the next ten years.
The Russian government is looking to accelerate the country’s economic growth to 6-7 percent annually, with the aim of joining the list of the world’s top five economies in five years.
“We are setting the goal of accelerating economic growth to 6 percent, better to 6-7 percent, and join the list of the world’s top five economies in five years but not only because advanced economies will be falling but also because we’ll be growing,” Putin said at a congress of Business Russia public association, which unites the country’s medium-sized businesses.
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Russia has set the ambitious task of expanding its per capita gross domestic product by 50 percent in the next decade “to achieve the level of more than $35,000 per person from the current $20,700,” said Putin.
Putin who is seeking a return to the Kremlin said he would restore growth rates to the boom-era levels of the past decade, while weaning Russia off its dependency on the price of its main export, oil.
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“We need to outline a quite clear goal – to become one of the world’s leading countries with the best conditions for entrepreneurial activity within ten years,” Putin said.
[quote]This is a very difficult task, because it is rather hard to eradicate and wipe out corruption, which, unfortunately, is part of the culture, or its absence, the premier said. [/quote]Putin said Russia needs a “real breakthrough in all elements of the national investment climate,” adding that on some investment climate criteria, the country is “at the tail-end of global ratings.”
In the latest Bribe-Payers Index report by Transparency International, Russian businesses, which collectively put in billions of dollars in foreign investment last year, are most likely to offer bribes and kickbacks in commercial deals abroad.
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