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

FIFA Indictments Put Gold Cup Tournament Under Cloud

Experts say US indictments could lead to charges of other world soccer officials, and lead to major shakeup in sport's governance More

Video Seoul Sponsors Korean Unification Fair

At a recent even in Seoul, border communities promoted benefits of increased cooperation and North Korean defectors shared stories of life since the war More

Video VOA EXCLUSIVE: Iraq President Vows to Fight IS 'Until They Are Killed or We Die'

In wide-ranging interview with VOA Persian service reporter, Fuad Masum describes conflict as new type of fight that will take time to win 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.
Expelled from Pakistan, Afghan Refugees Return to Increased Hardshipi
X
Ayesha Tanzeem
May 28, 2015 6:48 PM
Undocumented refugees returning to Afghanistan from Pakistan have no jobs, no support system, and no home return to, and international aid agencies say they and the government are overwhelmed and under-resourced. Ayesha Tanzeem has more from Kabul.
Video

Video Expelled from Pakistan, Afghan Refugees Return to Increased Hardship

Undocumented refugees returning to Afghanistan from Pakistan have no jobs, no support system, and no home return to, and international aid agencies say they and the government are overwhelmed and under-resourced. Ayesha Tanzeem has more from Kabul.
Video

Video Britain Makes Controversial Move to Crack Down on Extremism

Britain is moving to tighten controls on extremist rhetoric, even when it does not incite violence or hatred -- a move that some are concerned might unduly restrict basic freedoms. It is an issue many countries are grappling with as extremist groups gain power in the Middle East, fueled in part by donations and fighters from the West. VOA’s Al Pessin reports from London.
Video

Video Floodwaters Recede in Houston, but Rain Continues

Many parts of Texas are recovering from one of the worst natural disasters to hit the southwestern state. Heavy rains on Monday and early Tuesday caused rivers to swell in eastern and central Texas, washing away homes and killing at least 13 people. As VOA’s Greg Flakus reports from Houston, floodwaters are receding slowly in the country's fourth-largest city, and there likely is to be more rain in the coming days.
Video

Video 3D Printer Makes Replica of Iconic Sports Car

Cars with parts made by 3D printers are already on the road, but engineers are still learning about this new technology. While testing the possibility of printing an entire car, researchers at the U.S. Department of Energy recently created an electric-powered replica of an iconic sports roadster. VOA’s George Putic has more.
Video

Video Al-Shabab Recruitment Drive Still on In Kenya

The al-Shabab militants that have long battled for control of Somalia also have recruited thousands of young people in Kenya, leaving many families disconsolate. Mohammed Yusuf recently visited the Kenyan town of Isiolo, and met with relatives of those recruited, as well as a many who have helped with the recruiting.
Video

Video US Voters Seek Answers From Presidential Candidates on IS Gains

The growth of the Islamic State militant group in Iraq and Syria comes as the 2016 U.S. presidential campaign kicks off in the Midwest state of Iowa.   As VOA’s Kane Farabaugh reports, voters want to know how the candidates would handle recent militant gains in the Middle East.
Video

Video A Small Oasis on Kabul's Outskirts Provides Relief From Security Tensions

When people in Kabul want to get away from the city and relax, many choose Qargha Lake, a small resort on the outskirts of Kabul. Ayesha Tanzeem visited and talked with people about the precious oasis.
Video

Video Film Festival Looks at Indigenous Peoples, Culture Conflict

A recent Los Angeles film festival highlighted the plight of people caught between two cultures. Mike O'Sullivan has more on the the Garifuna International Film Festival, a Los Angeles forum created by a woman from Central America who wants the world to know more about her culture.
Video

Video Kenyans Lament Losing Sons to al-Shabab

There is agony, fear and lost hope in the Kenyan town of Isiolo, a key target of a new al-Shabab recruitment drive. VOA's Mohammed Yusuf visits Isiolo to speak with families and at least one man who says he was a recruiter.
Video

Video Scientists Say Plankton More Important Than Previously Thought

Tiny ocean creatures called plankton are mostly thought of as food for whales and other large marine animals, but a four-year global study discovered, among other things, that plankton are a major source of oxygen on our planet. VOA’s George Putic reports.
Video

Video Kenya’s Capital Sees Rise in Shisha Parlors

In Kenya, the smoking of shisha, a type of flavored tobacco, is the latest craze. Patrons are flocking to shisha parlors to smoke and socialize. But the practice can be addictive and harmful, though many dabblers may not realize the dangers, according to a new review. Lenny Ruvaga has more on the story for VOA from Nairobi, Kenya.
Video

Video Iowa Family's Sacrifice Shaped US Military Service for Generations

Few places in America have experienced war like Waterloo. This small town in the Midwest state of Iowa became famous during World War II not for what it accomplished, but what it lost. As VOA’s Kane Farabaugh reports, the legacy of one family’s sacrifice is still a reminder today of the real cost of war for all families on the homefront.

VOA Blogs