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Events

President Vladimir Putin met with Economic Development and Trade Minister German Gref

March 18, 2003
14:45
Novo-Ogaryovo
President Putin with Economic Development and Trade Minister German Gref.
President Putin with Economic Development and Trade Minister German Gref.

The Minister reported on the economic development of the last two months. The industrial production rose by 5.7%, agricultural production by 1.4% and the real income of the population by 2.8%. Mr Gref stressed that there was recovery in economic growth after a certain decline. High oil prices, which stimulate investments in extractive industries and machine-building, were the recovery factor.

According to the Minister, capital investments rose by 8% in January compared to last January. The way things are going, the annual growth of capital investments is likely to be 6%. The iron and steel industry, electric power industry and oil and fuel complex have been growing rapidly. At the same time, there was a decline in food and light industries and machine-building.

The President praised the Ministry’s work and said that the meeting was “business-like, full of claims and criticism.” “We should not feel pessimistic about it, but we have to work hard. Moreover, we know what to do and when,” Mr Putin stressed.

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Published in section: News

Publication date: March 18, 2003, 14:45

Direct link: en.kremlin.ru/d/28331

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President Vladimir Putin met with Economic Development and Trade Minister German Gref

http://en.kremlin.ru/events/president/news/28331

Last updated at March 20, 2015, 17:59

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