×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Investment Still Hobbled by Bureaucracy, Minister Says

President Vladimir Putin's ambitious plan to make Russia one of the top 20 most attractive countries for investment may remain unfulfilled due to excessive bureaucracy: the very problem that the program aims to tackle.

Economic Development Minister Alexei Ulyukayev informed Prime Minister Dmitry Medvedev during a government meeting this week that only 84 of the proposed 173 measures designed to ease the hurdles for entrepreneurs have been implemented on time.

The program's original goal was to boost Russia's rating in the World Bank's ease of doing business index from its current position of 112 to the top 20 by 2018.

Ulyukayev noted that while in theory many of the measures appear to have been adopted, entrepreneurs say many government agencies still work according to old guidelines.

"While many businessmen, 50 percent of the ones we have polled, note that customs control now takes no longer than three hours, 20 percent still say it takes over a day to clear," he said.

Nonetheless, Ulyukayev also said that the measures aimed to ease tax and that the labor administration has seen significant improvement.

Medvedev has vowed to take the necessary measures to alleviate interagency bureaucracy, saying the government must make an "extra effort" in light of the importance of entrepreneurial activity.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more