Friday, October 3, 2014

Business does not wait for word from Putin’s support of the market economy – RBC

Business does not wait for word from Putin's support of the market economy – RBC

Why not heard of business

Putin’s speech was a key forum. “I do not know what to expect. All business risks are obvious, they are on the surface “- complained in a conversation with RBC head of one of the financial companies.

It is necessary to clarify the” why are possible measures that all investors estimate as very bad for the market – a situation with AFK “System”, the increased tax burden, “says the chairman of the fund,” St. Petersburg International Economic Forum “, former Deputy Minister of Economic Development Sergey Belyakov. According to him, “we have a gap between what is said and what is actually implemented».

Question about AFK “Sistema” Putin asked the director of Prosperity Capital Management Alexander Branis. In response, the president said that no mass revision of privatization will not, but one case from another may differ qualitatively. Branis refused to comment in detail on the answer, saying only: “I was expecting some other answer».

«Putin’s remarks about the case Evtushenkova can be translated as follows: plant will not, but the company will select,” – says one of the top IT managers in the Russian financial sector on condition of anonymity. “Putin said he did not intend to interfere, but expressed the hope that all will not develop in the criminal and civil plane. This phrase allows me to make such a conclusion, “- said the source of RBC.

« We heard only what was said on the economic part. And like that, he expressed his attitude to private property and made it clear that a private business – is an important part of the economy. His several attempts to bring the subject into the discussion. But he did not say. It is obvious that it is based on the state’s economy, “- said RBC is one of the Russian top managers.

« Putin, said the liberalization of entrepreneurial activity, and that the development of the private sector will be the key to moving forward, “- complains a member of the General Council of “Business Russia” Ruben Aganbegyan.

Putin reiterated the Government’s

In the field of macroeconomics and monetary business policies concerned access to international financial resources, the interest rate on the loans, the dollar and the ability to support long-cheap money national projects, including the construction, lists the founder and head of investment and construction corporation “Barkley” Leonid Kazinets. “We need long cheap rubles, the absence of these actions have a very scary,” – he admits.

«We have already heard from the leaders of the Central Bank and the ministers of the immutability of course open financial markets, that we will consistently pursue policies that support the business, financial support for domestic markets, which are limited to access to international financial markets. It is important that the president has confirmed all these things, “- he said.

business is not enough certainty in the future economic policy, says the head of Alexander Shokhin. “Many decisions are made quickly and contrary to the strategic documents. For example, the discussion of sales tax, VAT and personal income tax began the day after the adoption of the Guidelines on the government tax policy. Sales tax declined, but regions will have the right to introduce fees in exactly those areas, which was supposed to introduce a sales tax “- lists Shokhin.

Putin took part concern business. He reiterated the key points of government officials on the most painful topics in macroeconomics, nothing revolutionary has not been told, commented Aghanbegyan performance.

The main theses of Putin’s speech – Russia will not impose foreign exchange restrictions, the transition to the Central Bank to a floating exchange rate does not constitute a waiver of foreign exchange intervention. The government has to strengthen the tax burden on businesses and intends to support the economy: from next year in Russia earn Development Fund industry. The budget includes funds for recapitalization of VEB and Russian Direct Investment Fund. Will intensify cooperation with the investment funds of other countries. Entrepreneurs have access to audit information business. Also, Russia will continue to expanding cooperation with foreign countries, in particular with the countries of Latin America, Asia Pacific and the BRICS.

Better than anything

«I did not expect anything more [from Putin's speech], normal speech, Cho, – told RBC principal owner of TCS Bank Oleg Tinkoff. – I do believe that there is nothing extraordinary in the economy does not occur. Now, if [Putin] someone asked a question about credit cards, I was very interested to ».

The deputy chairman of the Board of MDM Bank Alex Chalenko noted that Putin looked confident and calm, telling the one hand, on measures to support the economy, and, on the other hand, formulating continued tight monetary policy. “Of course, we would like to hear another word about the support of the entire financial market, but voiced measures inspire confidence that the long-term investment and capital markets in Russia will recover their positions,” – he said.

« Well, the president sometimes relieves some stress. Because there are no end of rumors, and the markets reeling. President calms. How many people came to hear just that, “- said vice-president of RSPP David Yakobashvili. Putin’s answer to “Bashneft”, he did not comment.

A larger enthusiasm the president’s speech caused the foreign guests of the forum. “We are very impressed by the speech of Vladimir Putin – said RBC governor of the Eastern Province (Congo) Jean Saidi Bamanisa. – We ourselves do not invest in Russia. We came to the contrary, to convince the Russian companies to invest in the Eastern Province. We have large reserves of minerals, gold, diamonds ».

In the same vein, the representative spoke of the investment fund of Oman on the condition of anonymity:” Our fund has invested in Russia, and we do not plan to curtail investment. ” “We are thrilled by the speech of Vladimir Putin, we are fans of his. He is very strong and brave president “- is echoed by the representative of the Corporation for the Insurance of Export Credit Sinosure, China.

According Branis, the president’s speech is perceived differently by the audience. “For someone who, for example, came from Australia, it was important to hear the words of a market economy and of Ukraine. Those who are in Russia, more objectively relate to the situation, they are less than the right words “- he argues.

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