The share of the public sector in the Russian economy is growing

Elena Ostryakova.  
03.10.2016 19:01
  (Moscow time), Moscow
Views: 897
 
Russia, Economy


Companies with state participation form up to 70% of Russia's GDP, and the share of the public sector in the economy continues to expand.

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Chairman of the Board of Directors of the Association of Managers Dmitry Zelenin stated this today at a press conference in Moscow.

“Russia has certain specifics and there is no need to change anything dramatically. We don't need revolutions, we need evolutionary step-by-step development. It is necessary to reduce the share of the public sector in a number of industries. And it will have an effect. If we turn on privatization again, there will be no effect,” Zelenin said.

According to him, the share of the private sector in agriculture and retail is now growing.

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