04 June 2004 22:47
UES CEO backs govtTs economic growth targets
MOSCOW. June 4 (Interfax) - Anatoly Chubais, CEO of the Unified Energy System (UES) of Russia power monopoly,
supports the government- suggested targets of Russia's economic growth.
"The economy growing by 7%-8% a year is an absolutely positive indicator. This rate of growth is sensible,
reasonable and sustainable," Chubais said at the Corporate Governance and Economic Growth conference in Russia on
Friday.
The 38% rate of economic growth Russia has reached over the past
five years is quite a success, given the 1998 financial crisis. "It
The UES CEO categorically disagreed with the opinion that these targets will lead to growth without development.
"Nothing can be done instantly. We, however, really need to strengthen domestic growth factors by lessening our
dependence on external factors," he said.
"Ninety percent of the government's current steps will produce the desired results in 2010 or later,"
Chubais said.
would be wrong to yield to shallow champion ambitions," he said. [RU ASIA EUROPE EEU EMRG GDP] tm tj
[Interfax] |
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