tag:blogger.com,1999:blog-8817171247555815363.post58787360180968525..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 23/06/2010: Russia scraps CGTTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8817171247555815363.post-3604182304169339432010-06-24T17:58:10.522+01:002010-06-24T17:58:10.522+01:00From the perspective of someone on the outside loo...From the perspective of someone on the outside looking in, Medvedev seems to be on the right track with the announced economic & anti-corruption reforms, and there is no doubt Russia has come a long way since 2000. <br /><br />In terms of perception, Russia has has a massive amount of work to do to gain trust from investors.<br /><br />Just looking at the media, there really is a lot of negative stories about doing business in Russia.<br /><br />Bill Browder from Hermitage Capital Management is a very vocal critic against doing business in Russia.<br /><br />Also there were many stories regarding the difficulties Ikea had in Russia dealing with Local authorities and utility companies.<br /><br />(There's 2 sides to every story, I would be interested to hear the Russian perspective on these.)<br /><br />Once Russia gets to the point where they can address their critics in an open and meaningful way investment will begin to flow into country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-53796805064099445432010-06-24T16:24:41.465+01:002010-06-24T16:24:41.465+01:00Absolutely true. You are correct - it is a problem...Absolutely true. You are correct - it is a problem, both in real terms and perception terms. Medvedev had little to say on the issue at the Forum, but he did stress that the Government is still on track with anti-corruption agenda. Russian Government, since 2000, has been active in trying to reform laws, systems and personnel in power ministries, police, judiciary. Some reforms - e.g. enforcement of judgments - had some successes already. Reform of the military is ongoing and is relatively productive. Reforms in security ministries has been tougher. It is a mixed picture, but remember, the country was virtually on its knees when Putin came to power, with vast unpaid wages bills in public sector and virtually no rule of law. It is a very different landscape now, visible - positively - in the streets and business.<br /><br />So improvements are taking place. They are hard and slow.TrueEconomicshttps://www.blogger.com/profile/07350536454228478974noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-2383212338456426552010-06-24T15:09:18.706+01:002010-06-24T15:09:18.706+01:00This is good news for Russia.
Once corruption per...This is good news for Russia.<br /><br />Once corruption perception is decreased FDI will surely follow.<br /><br />http://upload.wikimedia.org/wikipedia/commons/8/88/World_Map_Index_of_perception_of_corruption_2009.svgAnonymousnoreply@blogger.com