Russia to attract foreign investment with comfortable working conditions: Putin

Russia aims to create the most comfortable conditions for foreign, including Italian, investment, Russian President Vladimir Putin said Wednesday.

“Administrative regulation is simplified and modern infrastructure is being created. Serious preferences are provided to investors in some regions,” Putin said at a Moscow meeting with visiting Italian Prime Minister Giuseppe Conte and heads of Italian companies in Russia. He said that Russia experienced positive economic tendencies, including industrial expansion in the first nine months of the year as well as low inflation and unemployment rate. Russia’s gold and foreign currency reserves also increased this year. (Read more….)