(MENAFN- Qatar News Agency) Russia's Minister of Economic Development Alexei Ulukayev forecasts the inflation in 2014 will not be above 5%.
"I believe, in 2014 we shall manage to keep the inflation at the rate of 5%," he said, adding "the target rate of 2013 has not been exceeded much -by only 0.5%," according to Russia's (Itar-Tass) News Agenc
"Thus, we shall cope with the inflation, while the GDP growth is a bigger concern." "First of all, we should cut business expenses," including in natural monopolies' tariffs, he sai
"Secondly, the resources, the businesses gain from lower expenses, should be directed for development of production, not hidden in offshore zones." "And, thirdly, we should support the expor
It is not correct to focus only on the domestic market, thought it is as huge as the Russian on
However, in the international markets we shall face the obstacles other countries are organising against our products." The fourth factor, Ulukayev said, should be overcoming the infrastructure limitation
"Quite often businesses find it cheaper to produce goods than to deliver them," the minister sai
"We should have new roads, ports, and airports
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