EBRD Chief Sees Opportunity in 'Sluggish' Russia | Business | 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.
"At the European Bank for Reconstruction and Development [EBRD], we are aware of how difficult it is to wheel around entrenched cultures. But we are optimistic about the longer term outlook," Chakrabarti told investors at the Russia-Singapore Business Forum in Singapore.
"Steps are already being taken to improve the investment climate,” he said, according to an e-mailed transcript of his remarks to a panel discussion. “We see a number of Russian regions successfully lowering administrative barriers and creating a climate that attracts both foreign and Russian investors.""
'via Blog this'
No comments:
Post a Comment