Editor in Chief: Moh. Reza Huwaida Tuesday, September 18th, 2018

Medvedev to Discuss Investment Climate Improvement

Medvedev to Discuss  Investment Climate  Improvement

MOSCOW - President Dmitry Medvedev will chair an economic conference on Friday to discuss the implementation of measures he proposed to improve investment climate to Russia.
It is expected that Prosecutor General Yuri Chaika will report about the implementation of the presidential instruction on enhanced anti-corruption fight and improved state services. The deadline expired on April 15.

The Kremlin and the government differ on the necessity to decrease obligatory pension, health and social payments by companies in 2012. While Medvedev urged to provide proposals to decrease the tax burden on companies, the government said it will have to shift the burden on the population by raising tobacco and alcohol excises and other taxes to compensate for the losses.

The Kremlin instead called to use additional revenues from rising oil prices.
Medvedev's economic aide Arkady Dvorkovich admitted no compromise had been reached so far. (Itar-Tass)