Source Pravda.Ru

PM Says Unregistered Operations Make Up Not More Than 18% Of Russian Economy

The shadow (unregistered) segment of the economy is not more than 18% of the total volume now, Russian Prime Minister Mikhail Kasyanov said. He pointed out at a news conference devoted to the results of today's government meeting that according to estimates, the share of unregistered operations was between 25% and 30% in 1999, the corresponding figure for 2000 was about 20%, and the estimate for 2001 was about 20%. Nonetheless the analysis of the work of the economy in the third quarter of 2001 "discovered the fact that the share of the shadow sector had reduced by further 2%. Therefore, its share is not more than 18% now." In order to further reduce the shadow sector, the Russian government intends to suggest a set of tax reforms and measures to legalize wages. "If the present trend becomes stronger, we will be able to cope with such a serious illness as the shadow sector in the country's economy," he remarked.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Presidential candidate Ksenia Sobchak, who was accredited for the press conference by Vladimir Putin from Dozhd (Rain) television channel, asked Putin about competition at the coming election

Putin to Sobchak: We will never let them turn Russia into another Ukraine
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