19.01.2010 [News]

The Anti-Crisis Guidelines of the Government of the Russian Federation for 2010

Approved at a meeting of the Government of the Russian Federation Protocol No. 42, dated December 30, 2009.

The results of the third quarter of 2009 show that the Russian economy has passed the acute phase of the crisis, as evidenced by the resumption of economic growth in the second half of 2009. According to preliminary estimates, GDP grew 1.1% in the third quarter and 1.9% in the fourth quarter (including seasonal factors).

The anti-crisis measures improved the situation on the labour market and facilitated stabilisation in the agricultural sector. The decline of annual industrial production slowed considerably, from 14.3% in the first quarter to 5% in the fourth quarter. As a result, industrial production is expected to fall by 11.5% in 2009 compared to a growth of 2.1% in 2008. GDP decline in 2009 will be no greater than 8.5%.

Among others the key priorities for anti-crisis measures include:

  • Economic innovation incentives;
  • Development of key high-tech and infrastructure sectors of the economy;
  • Developing human resources.

Information source: http://premier.gov.ru/eng/anticrisis/3.html

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