German Gref
German Gref
Herman Oskarovich Grefis a Russian statesman and top manager. He was the Minister of Economics and Trade of Russia from May 2000 to September 2007. He currently is the CEO and Chairman of the Executive Board of the largest Russian bank Sberbank...
acceptable advantage great licensed needs price
The price (of licensed product) needs to be acceptable for the (Russian) population. If it is not acceptable, it is a great advantage for pirates.
complete discussed final meeting needs seen
We have discussed the final arrangements for exhibitions and pavilions, well as meeting venues. We have seen everything that needs to be done to complete preparations for the forum.
appreciation eventually hope percentage point range slow within
We hope that under any scenario, the ruble's appreciation will range within 4-6% in 2006 and will eventually slow down by 1 percentage point per year.
decision final happy hear investment start
We were happy to hear that Volkswagen has made a final decision to start investment in Russia.
hard work
We will work hard to do that this year.
billion dollars half next purpose
We will allocate up to half a billion dollars for this purpose next year.
beginning hit inflation likely month since
Since the beginning of the month inflation has been no more than 0.4% and is not likely to hit 0.6% by the end of the month.
factors situation
These factors will pass, and the situation will be back to normal.
gray market reduced size
The size of the gray market should be reduced at least down to 15% by the end of this year.
bill capital polished progress
Progress should be made on these two points. The bill on the repatriation of capital is being polished now.
major policy
This is the cornerstone of the government's policy and a major mid- and long-term challenge.
bank companies company conditions entails equal establish foreign higher insurance market operation russian standards wants work
Foreign and Russian companies should have equal conditions of competition. If a foreign bank or insurance company wants to work on the Russian market, it can establish a subsidiary here. This entails higher standards of operation but equal conditions for all market players.