In this situation companies will compete not for consumers but for the things that you can sell to the state

9 july 2014 | Parliamentary Newspaper

The Head of the Department for Strategic Studies in Energy of the Analytical Center Alexander Kurdin spoke at the roundtable titled "The draft law on industrial policy: principles and activity mechanisms", which took place at the press-center of the “Parliament newspaper".

Alexander Kurdin
Alexander Kurdin
Department for Strategic Studies in Energy

"Parliamentary Newspaper" quoted Alexander Kurdin who said that “A successful development of the industrial sector requires not only financing but also incentives in form of competition. “However, in the current situation, companies will compete not for consumers, but for the things that you can sell to the state. Those are subsidies. That is why we need open tenders"- said the expert. In addition, according to him, government funding should not replace the banking system. "It is also unclear how recurrent funds will be distributed," - said Mr. Kurdin.