28 May 2004 00:48
Small business should have more access to foreign investment - Vyugin
MOSCOW. May 28 (Interfax) - Terms should be improved for Russian small and mid-scale businesses raising foreign
investment, Federal Financial Markets Service Chairman Oleg Vyugin said.
Russia's small and mid-scale businesses are unable to attain the competitive advantage that Russia has in
comparison to western countries because of a lack of opportunities to easily raise large foreign investment, he said at
a conference called "Moscow Kremlin Suppliers. Quality Standards," on Friday.
"Competitive products are mostly produced in industries that have seen serious investment," Vyugin said.
One example is the development of Russia's food industry, which has seen a large volume of investment and new
technology. While the light industry remains not very competitive at all.
The problem of ensuring access for Russian producers to international investment markets must be resolved, including
through the creation of favorable macroeconomic conditions, he said. [RU ASIA EUROPE EEU EMRG CORA FOD TEX LOA ECI FRX]
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[Interfax] |
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