Official: Russia can speed up econ growth with modernization only

MOSCOW, Oct 14 (PRIME) -- Modernization is the only way to support economic growth in Russia, while investing budget funds in large infrastructure projects and the support of small and medium-sized business may only accelerate the economic growth for several months, Deputy Prime Minister Arkady Dvorkovich said on Monday.

“In total, this may make a contribution to the economic growth during several months but in the longer-term perspective we think that there is no other way for development other than modernization based on cutting-edge achievements in science and technology,” he said.

According to Dvorkovich, the most accessible goal for the government is to stimulate investments, made both by large and smaller businesses.

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