Putin on stability in Russia

Putin on stability in Russia

Russian President Vladimir Putin said that macroeconomic stability is provided in Russia.

"Macroeconomic stability is provided in Russia. Industrial production growth was 3% last year. Unemployment (4.6%) and inflation (3.6%) are at a low level," he said at the meeting with the German business executives.

Putin expects the dynamics of GDP growth in Russia to remain positive this year. "Last year, GDP added 2.3%, this year it will be more modest, but there will be positive dynamics. Positive dynamics will remain," TASS cited him as saying.

According to him, government authorities are doing a lot for the removal of administrative barriers and provision of an optimal tax burden for the business.

In particular, special investment contracts are being offered to foreign businessmen, providing access to a vast range of state support measures on condition of production facilities localization in Russia, the Russian president revealed.