The European Bank for Reconstruction and Development (EBRD) intends to invest in Russian small and middle-sized businesses, Russian Federation Council's Speaker Sergey Mironov told reporters today following his meeting with EBRD President Jean Lemierre in St. Petersburg. According to Mironov, the meeting also covered such issues as EBRD long-term investments, particularly in shipbuilding and automobile production. EBRD investments are important for Russia, particularly with regard to the reforms of local self-government, Mironov pointed out.
Lemierre, in his turn, announced that EBRD was ready to invest in the development of the Russian economy. He said that the Russian investment climate had changed dramatically over the past few years, the economy was growing and credit policies improving. According to him, the main problem Russia is now facing is the enhancement of labor productivity. The problem can be solved by increasing efficiency of small and middle-sized businesses, Lemierre argued.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year