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...
gray market reduced size
The size of the gray market should be reduced at least down to 15% by the end of this year.
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.
factors situation
These factors will pass, and the situation will be back to normal.
bread grain higher increase prices risk
Higher grain prices increase the risk of higher prices for bread products.
limits opportunity planned stay within
In my opinion, we have an opportunity to stay within the limits of the planned 9%.
economic growth higher inflation
Higher economic growth without curtailed inflation is impossible.
major policy
This is the cornerstone of the government's policy and a major mid- and long-term challenge.
billion dollars half next purpose
We will allocate up to half a billion dollars for this purpose next year.
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.