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Growth expectations for Russian economy

In the 3rd quarter of 2012 growth slowed to only 2.5%. According to the Ministry of Economic Development growth could be 3.7% in 2013 and 3-5% yearly from 2013 to 2030 – 5% according to optimistic scenarios and 3% according to conservative ones. However, according to market prognosis growth could be 3% in 2013 and at the most 4% from 2013 to 2030, if investments experience strong growth. 

The Russian education system needs large-scale reforms. "The main focus of our efforts should be education. The education system, at all levels, it is Russia’s Achilles heel", Sberbank head German Gref has stated. A reform of the education system is "vital" for the country's future.
28.01.13


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