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Economic situation in Russia
04.12.2013, 22:34
Economic situation in Russia
 

The last year was one of the best for Russia. GDP grew at a reasonable pace, then we harvested a record crop. It was due to favorable weather conditions and to pay back of investment and reforms in agriculture.

Industrial production went up in some branches, though the real sector still needs more investment. A lot of laws were passed last year to attract foreign investment, tax system was simplified.

 The living standards improved: pensions were increased, salaries of state employees raised too, demand for consumer goods increased.

So, considerable progress was made in our country last year.
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