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Орешкин Максим
Maxim Oreshkin
Minister of Economic Development of the Russian Federation
Quotes
08.06.2019
SPIEF 2019
Implementation of National Goals for Transparency in the Digital Reality. Open Debate
Some agencies have opened up, but it is often that the question arises about the data that they publish: how reliable is it? How well does it reflect what is really happening? They can open up and at the same time provide information that has nothing to do with reality, that is, to look good on the outside, but have serious problems on the inside
08.06.2019
SPIEF 2019
Implementation of National Goals for Transparency in the Digital Reality. Open Debate
We need sources of information – high-quality, objective information – that would truly reflect what is happening in various spheres
08.06.2019
SPIEF 2019
Implementation of National Goals for Transparency in the Digital Reality. Open Debate
Openness, transparency is what will help us become more effective and reduce corruption in the areas where it still remains. Both digitalization and availability of information will help us take a big step forward
08.06.2019
SPIEF 2019
Russia–Azerbaijan
According to the statistics, we have two-digit rates of trade turnover growth; services and mutual transactions are also growing. In fact, we are talking about not only transactions from Russia to Azerbaijan, but also the other way around. This means that connections between businesses, between people are very close
08.06.2019
SPIEF 2019
Russia–Azerbaijan
Our task is to create conditions for these joint business projects to develop, provide necessary support on the federal level, help lift barriers; but anyway behind all these projects are real companies, real people that come to agreements, develop projects and implement them
07.06.2019
SPIEF 2019
Business in National Development Projects: Ways to Succeed
By implementing important infrastructure projects we set off a whole cycle of other projects that become possible in different sectors of the economy. [...] How effective national projects are depends on how many business projects are then implemented based off of them
07.06.2019
SPIEF 2019
Business in National Development Projects: Ways to Succeed
It’s not for businesses to participate in national projects but for national projects to create platforms upon which businesses are able to implement their projects [...] The state must participate and make the first contributions and capital grants for projects of this kind, and that includes the use of mechanisms of public-private partnership (PPP)
07.06.2019
SPIEF 2019
Integration vs. Protectionism: The Role of Development Institutions in the Creation of a Common Economic Space in Greater Eurasia
We have very many projects developing with China. We have an understanding of how we will move forward with China in terms of economic development for at least the next 5 years. <...> With European partners, the relationship over the past few years has been very challenging. But again, there is a move in a positive direction. Today I met my partner, German minister Peter Altmaier, and for the first time in several years, we signed an intergovernmental cooperation agreement
07.06.2019
SPIEF 2019
Integration vs. Protectionism: The Role of Development Institutions in the Creation of a Common Economic Space in Greater Eurasia
Russia should build within itself those institutions, those solutions that will help it become independent and sovereign. But at the same time, to do this with the maximum coordination, the maximum cooperation, and the maximum number of partners: with China, with Europe, and, in some cases, with America
07.06.2019
SPIEF 2019
Integration vs. Protectionism: The Role of Development Institutions in the Creation of a Common Economic Space in Greater Eurasia
The picture that is now taking shape in the world is the formation of several national development platforms, which have begun a tough battle, not for a year, not for two, but for decades. This battle will have varying degrees of success, and will have lulls in it – a peculiar kind of Hundred Years’ War
07.06.2019
SPIEF 2019
Leaders in Productivity: International Experience in Achieving National Goals
Productivity is an integrated index that depends on a number of components: it is human capital, and the accumulated volume of capital resources, and the existing investment, production and managerial technologies, and the created production chains and cooperation
07.06.2019
SPIEF 2019
Leaders in Productivity: International Experience in Achieving National Goals
The government should create conditions to provide human capital at the market, to minimize barriers for the investment process, to develop technologies within economy together with universities and science, and to improve the governance, which is lacking in every segment
07.06.2019
SPIEF 2019
Leaders in Productivity: International Experience in Achieving National Goals
Without competent governance, without the leadership that can arrange processes <…> Russia needs to catch up here, and this is where we can learn a lot from German companies
06.06.2019
SPIEF 2019
The Russian Economy Seeking Ways to Boost Growth
Russia needed the oil prices to be at 110 USD per barrel in 2014. After the past 5 years the price settled around 40 USD per barrel. What other country can go through a transformation like that in such a short time?
06.06.2019
SPIEF 2019
The Russian Economy Seeking Ways to Boost Growth
Growth shouldn’t come from oil, it should come from other sectors. Last year processing industry showed +7% of investment, there should be room to grow. Agriculture showed +5%, there should be room to grow. I’m talking about service industry, new technologies
06.06.2019
SPIEF 2019
The Russian Economy Seeking Ways to Boost Growth
Russia is more active in reducing CO2 emissions than most other countries in the world <…> Russia will play its role so that the economic growth is as environmentally friendly as possible
06.06.2019
SPIEF 2019
The Russian Economy Seeking Ways to Boost Growth
If we look at the overall credit structure today, we’ll see that consumer credit is in the lead. <…> I believe that it’s the consumer credit problems that are most likely to lead us to the next recession
14.02.2019
RIF 2019
Innovative Science and Technology Centres: What Should They Look Like?
ISTC create close ties between scientific organizations, universities, and the real economy. We have a limited amount of these connections, but we need to take it to a new level
14.02.2019
RIF 2019
Regional Policy in the Context of Russia’s Spatial Development
We start to actively discuss the horizontal level of the national projects related to specific territories. We are talking about rural areas, we are talking about cities, we are talking about compulsory accounting for the demographic projections when deciding on the locations for certain facilities, we are talking about economic specialization. So, the horizontal level is the basis for success
14.02.2019
RIF 2019
The Economics of Urban Comfort
The actions, the result is most appreciated when people do something for people. <…> Involvement in the implementation process is also critical. We need to gradually move away from this rhetoric of national projects, activities, plans, trillions towards the involvement of people in the implementation of specific actions and projects in real neighbourhoods
14.02.2019
RIF 2019
National Projects and the Regions: Key Questions at the Beginning of the Road
We need to sit down with every region and work on the existing agenda. What we’re trying to do economy-wise: under the State Council working group we’re trying to create a system, but at the same time we work with Tula Region, look into a number of measures in Dagestan and we’ll keep working with the Governor of Astrakhan Region. That’s why working individually with each and every region is truly important. We can achieve results only by working together,
14.02.2019
RIF 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
Those enterprises that joined the project in late 2017 to early 2018 <…> 69% of those enterprises showed an increase in labour productivity by more than 10%. The enterprises that are already in the project <…> report 13% revenue growth, and a 19% increase in tax payments,
14.02.2019
RIF 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
The employees are becoming a lot more engaged in the processes at the enterprise. <…> The major goal, the main function of this project is a step-by-step change of production standards. We have started with industrial enterprises. <…> After a while, as soon as we have covered more regions, more areas, individual enterprises, organizations <…> this effect must become cumulative,
14.02.2019
RIF 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
Now we are in a situation where our country lacks quality employment. As enterprises become more efficient, they don’t cut jobs, on the contrary they start recruiting new personnel,
14.02.2019
RIF 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
High labour productivity without competitiveness is a real case. <…> Therefore, here the emphasis is on the added value. You be highly productive in make something that no one needs — it’s crucial to avoid this trap,
14.02.2019
RIF 2019
The Competitiveness of the Regions through the Prism of Increasing Labour Productivity: How to Engage, Manage, and Motivate
Will it help us reach the goal of increasing overall labour productivity? This project alone will not, that’s for sure. It must be one of the elements. There will be no increase in labour productivity without growing investment activities, modernization, and digitalization. All these elements are only working if the people are engaged in the process,
14.02.2019
RIF 2019
National Champions Pitch Session
The companies which we have here today have already fully proven themselves to everyone – in terms of increased production, high-quality products, and collaboration with major corporations, amongst others. <…> For our part, we will do our utmost to assist them so that they may continue to move forward
24.01.2019
Russia House 2019
Russia – One Step Ahead
If you look at the basic macroeconomic statistics related to demographics, population dynamics and population structure, it becomes obvious that the extensive growth of Russia’s economy is not possible, therefore, growth can only be based on increased returns per each member of the workforce. Clearly that is only possible through using new technologies, increasing productivity and optimizing processes. This tech agenda is important not as something in and of itself, but important for each sector of the Russian economy, because only through this kind of move forward the entire economy of Russia will advance
24.01.2019
Russia House 2019
Russia – One Step Ahead
We have much to be proud of in almost every industry. We have global leaders among tech companies. Rosatom, for example. The company is the acknowledged world leader in terms of nuclear reactors. There are many other technologies that exist in this field. Russia is building nuclear reactors in such countries as Turkey, India, Finland, and Hungary. All around the globe we participate in joint projects with Japan and other countries
24.01.2019
Russia House 2019
Russia – One Step Ahead
Even in the public sector, the technologies that we use are recognized in the world. For instance, the tax revenue service: the technological solutions implemented there serve as an example for many other countries. We even work with certain countries to share these technologies as a package for tax administration
24.01.2019
Russia House 2019
Russia – One Step Ahead
The task of the government is merely to help any person born in Russia to get an education and give them the opportunity to realise their potential and their abilities. Such opportunities exist, and that is very good
24.01.2019
Russia House 2019
Russia – One Step Ahead
The main thing about the companies’ development and the creation of new technologies is, of course, human capital. Therefore, the role of the government is to ensure the high level of human capital supply
24.01.2019
Russia House 2019
Russia – One Step Ahead
Many small or medium-sized companies emerge; the smaller companies that also bring up new ideas and new technologies within. It is important to understand that Russia provides opportunities and places for self-realisation
24.01.2019
Russia House 2019
Russia – One Step Ahead
We simply should not interfere [with the development of national champions], there is nothing else to do. They will manage on their own
12.09.2018
EEF 2018
The National Project to Develop SMEs: What Will Be Done in the Far East?
We see that the share of people who want to open a new business and want to start their own business is not very high, and this is a problem that needs to be addressed
12.09.2018
EEF 2018
The National Project to Develop SMEs: What Will Be Done in the Far East?
The most costly project in terms of budget funds associated with the new programme is the subsidization of interest rates for SMEs. The key product that the end borrower will receive is a loan at a rate of the key interest plus 2%, but no more than 8.5%. So it’s a rate that is acceptable and substantially lower than the average level of the borrowing cost on the market. We need to reach a point under the programme where the volume of loans granted exceeds RUB 1 trillion
12.09.2018
EEF 2018
The National Project to Develop SMEs: What Will Be Done in the Far East?
Another aspect is related to shadow employment and shadow competition. A separate project is being implemented in this regard to get the self-employed involved in the legitimate stream of commerce. This means creating new tax regulations with a rate of 4% when providing services or selling goods to individuals and a 6% rate when providing services to legal entities
12.09.2018
EEF 2018
The National Project to Develop SMEs: What Will Be Done in the Far East?
We need to actively promote success stories that we already have and talk about positive trends, how to do business, and that this isn’t as big of a problem as it seems to many, and show that you can achieve great success in this way
12.09.2018
EEF 2018
Russia–Japan
This year’s turnover growth is approximately 20% year over year. It’s growing beyond such traditional sectors as energy. New pharmaceutical productions are being launched, new healthcare centres are being opened, new projects on improving quality of life in cities have been implemented. By the end of the year, we expect USD 21–22 billion of turnover. Already in 2019, the Russia–Japan turnover is going to exceed the Russia–USA turnover
11.09.2018
EEF 2018
The Far East as a Financial and Offshore Centre
What we have achieved so far is amendments to corporate legislation, creation of a new element known as ‘international companies’, and an opportunity for redomiciliation. We have been working very hard on establishing a procedure that would allow taking a company from one jurisdiction and transfer it to another, while preserving tax conditions for this company unchanged, and getting additional budgetary incomes. This is the first stage of developing special administrative districts
11.09.2018
EEF 2018
The Far East as a Financial and Offshore Centre
Everything is in full compliance with international requirements. Our goal is not to create some sort of ‘black hole’ to hide money or something like that. All data will be open for the state and for inspection authorities, all financial flows will be accounted for both at the Tax Service and at the Federal Financing Monitoring Service, that are actively engaged with the FATF (Financial Action Task Force). There are absolutely no blind spots here
11.09.2018
EEF 2018
The Far East as a Financial and Offshore Centre
We are planning to move on. It means issues of technology regulations and other regulations. We would not like to create ‘holes’ that would suck in money, from the perspective of financial flows, from the perspective of tax flows. It’s crucial, however, to create a convenient environment for business to develop here. It’s about control and supervision and many other issues – this is what we are going to work on now, drawing up a second, a third legislative package
25.05.2018
SPIEF 2018
Russia–Japan
e have been working for two years in the eight directions offered by Prime Minister Abe and President Vladimir Putin and they are being augmented with new dimensions. I’m talking about digital economy and labour productivity. They crosscut every sphere. It means that the number of projects will only be increasing
25.05.2018
SPIEF 2018
Russia–India
Potential of the Russian-Indian economic relationship is huge. But so far the trade volume is not very high. There is a number of problems that are hampered by trade restrictions, logistical and financial difficulties. Russian companies don’t always understand their prospects in India, Indian companies don’t always understand what they can achieve in Russia
25.05.2018
SPIEF 2018
The New Economic Povestka* (NEP): The What, the How, the Who?
We have a market economy, not a planned economy. <...> The extent to which our banking system will operate effectively, and the level of quality at which Sberbank will operate depends largely on whether we achieve economic growth or not. That is the market economy. The role of the state is to create the conditions for the banking system to develop, so that existing segments of the economy grow, and new ones appear
24.05.2018
SPIEF 2018
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
If we do nothing, then there is a risk that growth could slow to 1%
24.05.2018
SPIEF 2018
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
If we look at the demographic forecast, the basic scenario is that we stand to lose 3.5 million people in the working population over the next six years. This is a huge challenge. Unemployment in the country has reached record lows, and salaries are increasing at a rate higher than has been the case for many years. All of this suggests that our deficit in the labour market is only set to grow further
24.05.2018
SPIEF 2018
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
When the state takes on operating expenses, nothing good ever comes of it. When working on infrastructure [...] the main prerequisite is that this infrastructure brings about an increase in private investment, and leads to a significant improvement in people’s quality of life
24.05.2018
SPIEF 2018
Putting Russian Economy on a Sustained Path of Growth: Challenges and Solutions
Increasing household savings is a key factor. In order to achieve this, we need to create a mechanism for long-term savings. If, over the next six years, we do not see the appearance in Russia of a strong [...] contributory pension system and life insurance system, then there is of course little point in talking about a significant increase in investment
25.01.2018
Russia House 2018
Russia: New Production Hub
“Sanctions restrict the import of technologies due to the political situation. Not all global companies want to bring their technologies here. This is a matter largely related to the information technology. We actively work with Chinese and Korean partners, who bring new technologies. Some areas are better than others, for example offshore oil production,”
25.01.2018
Russia House 2018
Russia: New Production Hub
“Adequate rouble stability is the result of the system we have set up several years ago: on the one hand we are addressing inflation, trying to stabilize it, on the other, we have suitable tax and financial leverage that would allow us to negate oil prices reliance. The recent and current reforms set the conditions for long-term stability. In turn, stability is essential for producers, especially if Russia is in the middle of the production chain. A stable exchange rate allows for predictable profitability and return on investment,”
25.01.2018
Russia House 2018
Russia: New Production Hub
“Import substitution is one of the ways to respond to sanctions,”
25.01.2018
Russia House 2018
Russia: New Production Hub
“We are striving to improve the quality of life. This should appeal to foreign work force, as well to our own human resources potential to stay and work in the country,”
25.01.2018
Russia House 2018
Russia: New Production Hub
“Russia is a diverse country. Practically every industry here has a place where it belongs. We can join the global production chain, and this is a way to go,”
25.01.2018
Russia House 2018
Russia: New Production Hub
“The pharmaceutical industry is a sensitive matter. There are some deep issues aside from certification. We negotiate with manufacturers. We hope to find solutions that one the one hand shall not harm consumers, and on the other, would welcome new production capacities,”
25.01.2018
Russia House 2018
Russia: New Production Hub
“The last few years have been turbulent, primarily on the political arena, which in turn has affected the economy. But those companies that invested back then are now reaping the fruits of those decisions. And these results are good: looking at the statistics, we see a number of major deals and the improvement of the investment climate. We see the growth of foreign direct investment,”