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“2010 – 2011 should be the years of serious improvement in the investment climate. We passed many institutional reforms, and in our opinion, the problem is that we do not always complete them. We discussed the priorities with representatives of business."
E. Nabiullina, Minister of Economic Development of the Russian Federation

EBRD Chief Sees Opportunity in 'Sluggish' Russia // The Moscow Times
EBRD president Suma Chakrabarti acknowledged Tuesday that Russia's sputtering economy combined with deeply ingrained problems such as corruption and a weak court system were deterring both foreign and domestic investors. But he insisted that the opportunities continued to far outweigh the risks and said the Russian authorities were taking much-needed steps to improve the business climate.

One-year inflation battle: Russia keeps the rate at 8.25% // RT
The Central Bank of Russia (CBR) has decided against cutting the official interest rate for the 12th month in a row on inflation fears, which policy makers have prioritized over stimulating growth.

The National Council for Investment Climate Development is an independent, non-profit entity. It works with all concerned parties, including state authorities, to analyze the current situation and create concepts and proposals to improve the general and specific investment climate in Russia.

Turning around Russia’s capital outflow // Russia Today
With Russia is seeing a massive capital outflow Business RT spoke with Yury Voiñehovsky, Chairman of the National Council for Investment Climate Development about the expected impact of the new $10 billion state backed investment fund.

© Council for Investment Climate Development, 2011

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