Source Pravda.Ru

Prime Minister assures privatisation volumes to stay intact next year

Russian Prime Minister Mikhail Kasyanov has said Government is ready to sell its share fraction in the bulk of the country's financial organizations.

On Monday, speaking at the Russia, Sustainable Development annual investment conference the Prime Minister stressed that it was needed for the increased investment appeal of those organizations, the RIA Novosti correspondent reports.

Kasyanov believes that the Government should retain its influence only where it is necessary.

The Prime Minister assured that the privatisation volumes would remain intact in the 2003 fiscal year.

Kasyanov also stressed the necessary development of the stock market, insurance business, further bank and economic reforms in the country and security of people's deposits. He noted that the Government planned to increase the state emission to 50 billion rubles next year and to form fixed rate of interest. Besides, the Cabinet plans to reach the level of the international financial accounting as a result of its joint work with the Central Bank.

Kasyanov noted that the government aims at increasing Russia's investment appeal and in this respect its active attempts "must coincide with those of the business society." "Russia is ready to ensure the transparency and predictability of its financial market, we're ready for an open dialogue with the business society and I'm sure that this conference will set the work on the right track."