News / Europe

Putin: Russia Expects Full Economic Recovery Next Year

Juan Somavia, Director-General of the International Labor Organization, left, shakes hands with Russian Prime Minister Vladimir Putin at UN headquarters in Geneva, Switzerland, June 15, 2011.
Juan Somavia, Director-General of the International Labor Organization, left, shakes hands with Russian Prime Minister Vladimir Putin at UN headquarters in Geneva, Switzerland, June 15, 2011.
Lisa Schlein

Russian Prime Minister, Vladimir Putin, says his country is still struggling with the debilitating effects of the global economic crisis, but expects Russia's economy to fully recover by next year.   Putin presented his views on the economy, labor and social rights at the 100th session of the International Labor Organization (ILO) Conference.  He is the first head of the Russian government to address the ILO Conference.

Putin, says Russia has managed to retrieve about two-thirds of its lost economy.  But, he acknowledges his country has not yet reached pre-crisis levels and has much to do before the economy fully recovers.  

Putin says he expects this to happen by next year.  He added that Russia currently is working on post-crisis development strategies.

"We have put forth an ambitious goal in the next decade to make Russia one of the five largest economies of the world," Putin said.  "And, as for GDP per capita, to increase this figure from $19,700 to more than $35,000 per capita, per person.  But, to do this, we need to increase the productivity two times …and in non-raw material, high-tech sphere three or four fold."  

For the economy to move ahead, Prime Minister Putin says it is critical to eliminate inefficient jobs.  He says his government plans to create 25 million high tech, highly paid modern jobs and to modernize and streamline existing jobs over the next 10 to 15 years.  

He admits the scale of this enterprise is huge and daunting.  He notes 70 million people work in Russia.  That means every third job in the nation has to be modernized.

Putin says Russia will not shirk its social responsibilities.  He says it is essential to protect the poorest and most vulnerable members of society in the drive to improve the business environment and to increase profits.

"We will not retreat from our social commitments," added Putin.  "We will not increase the already existing 40-hour working week.  We will not compromise on safety and environmental standards.  In dynamic and economic growth innovations and modernizations are not important themselves.  They need to create new opportunities for people, to increase salaries …and improve the quality of life."  

The Russian prime minister says people should be the focus and the center of this development strategy.  He says their fundamental rights and freedoms must not be violated in the search for economic growth.  

He says one of the basic lessons drawn from the global economic crisis is the responsibilities States have in protecting the rights and the welfare of their citizens.  Putin calls this a social mission and appeals to all States, businesses, international, political and financial organizations to live up to these responsibilities.

You May Like

African States Push to Keep Boko Haram Offline

Central African telecoms ministers working with Nigeria to block all videos posted by Boko Haram in effort to blunt Nigerian militant group's propaganda More

Falling Oil Prices, Internet-Savvy Youth Pose Challenge for Gulf Monarchies

Across the Gulf, younger generations are putting a strain on traditional politics More

Philippines Call Center Workers Face Challenges

Country has world’s largest business process outsourcing, or BPO, industry, employing some one-million workers More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
US Supreme Court Hears Hijab Discrimination Casei
X
Katherine Gypson
February 25, 2015 11:30 PM
The U.S. Supreme Court has heard opening arguments in a workplace religious discrimination case that examines whether a clothing store can refuse to hire a young woman for wearing the headscarf she says is a symbol of her Muslim faith. Katherine Gypson reports from the Supreme Court.
Video

Video US Supreme Court Hears Hijab Discrimination Case

The U.S. Supreme Court has heard opening arguments in a workplace religious discrimination case that examines whether a clothing store can refuse to hire a young woman for wearing the headscarf she says is a symbol of her Muslim faith. Katherine Gypson reports from the Supreme Court.
Video

Video Falling Gas Prices Hurt Nascent Illinois Hydraulic Fracturing Industry

Falling oil prices are helping consumers purchase cheaper petroleum at the pump. But that’s made hydraulic fracturing or “fracking” less economically viable for the companies in the United States invested in the process. VOA’s Kane Farabaugh reports on one Midwestern town that was hoping to change its fortunes by cashing in on the next big U.S. oil boom.
Video

Video Fighting in Sudan's South Kordofan Fuels Mass Displacement

Heavy fighting in Sudan's South Kordofan state is causing hundreds of thousands to flee into uncertain conditions. Local aid organizations estimate as many as 400,000 civilians have been internally displaced since the conflict began more than three years ago, while another 250,000 have fled across the border to refugee camps in South Sudan. VOA's Adam Bailes reports.
Video

Video Lao Dam Project Runs Into Opposition

A Lao dam project on a section of the Mekong River is drawing opposition from local fishermen, international environmental groups and neighboring countries. VOA's Say Mony visited the region to investigate the concerns. Colin Lovett narrates.
Video

Video A Filmmaker Discovers Her Biracial Identity in "Little White Lie

Lacey Schwartz grew up in an upper middle-class Jewish family, in a town in upstate New York where almost everyone she knew was white. She assumed that she was, as well. Her recent documentary, Little White Lie, tells the story of how she uncovered the secret of her true racial background. VOA’s Carolyn Weaver has more on the film.
Video

Video Deep Under Antarctic Ice Sheet, Life!

With the end of summer in the Southern hemisphere, the Antarctic research season is over. Scientists from Northern Illinois University are back in their laboratory after a 3-month expedition on the Ross Ice Shelf, the world’s largest floating ice sheet. As VOA’s Rosanne Skirble reports, they hope to find clues to explain the dynamics of the rapidly melting ice and its impact on sea level rise.
Video

Video US-Cuba Normalization Talks Resume Friday

Negotiations aimed at normalizing diplomatic relations between the U.S. and Cuba resume Friday. On the table: lifting a half-century trade embargo and easing banking and travel restrictions. There's opposition in Congress, but some analysts say there may be sufficient political and economic incentives in both nations for a potential breakthrough this year. VOA's Mil Arcega reports.
Video

Video Pakistan's Deadline For SIM Registration Has Cellphone Users Scrambling

Pakistani cell phone users have until midnight Thursday to register their SIM cards, or their service will be cut off. While some privacy experts worry about government intrusion, many Pakistanis are just worried about keeping their phone lines open. VOA Deewa reporter Arshad Muhmand has more from Peshawar.
Video

Video Myanmar Warns Factory Workers to End Strikes

Outside Myanmar's main city Yangon, thousands of workers walked off their jobs earlier this month demanding a doubling of their wages, pay raises after a year and input from labor unions on industrial regulations. Since Friday, the standoff has grown more tense as police moved in to disrupt the sit-ins, resulting in clashes that injured people from both sides. VOA correspondent Steve Herman visited industrial zones which have become a focus of Myanmar's fledgling workers rights movement.
Video

Video Oscar Winners Do More Than Thank the Academy

The Academy Awards presentation is Hollywood’s night to reward the best movies from the previous year. It’s typically a lot of glitter, a lot of thank you’s, a lot of speeches. But many of this year’s speeches carried messages beyond the thank you's. VOA’s Carolyn Presutti takes a look.

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More