PM: Low labor productivity major obstacle for Russian economy

MOSCOW, Aug 18 (PRIME) -- A low labor productivity is a serious problem hindering the Russian economic development, Prime Minister Dmitry Medvedev said at a government meeting on Thursday.

“In order to improve the situation, we are working, of course, and the presidential Council has singled out labor productivity increase into a (policy) area, into a separate priority. We will focus administrative, managerial and financial resources on it,” Medvedev said.

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