Translation. Region: Russian Federation –
Source: Government of the Russian Federation – Government of the Russian Federation –
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Deputy Prime Minister Alexander Novak attended the 35th Congress of the Russian Union of Industrialists and Entrepreneurs, where the results of the past period were summarized and priorities for the future were outlined.
The Deputy Prime Minister noted that in recent years, the RSPP has become a systemic partner for the government in developing important economic decisions. "The work of the union's committees and commissions, the regular dialogue at Russian Business Week, and the joint review of draft laws and regulations—all of these are truly important mechanisms that are effective and yield results," Alexander Novak emphasized.
He noted that last year, the country's economy continued to function amid increased external pressure, changes in transport and logistics chains, and volatility in global markets. However, despite all the challenges, macroeconomic stability was maintained and the structural restructuring of the Russian economy continued.
Economic growth over the three-year period amounted to 10.3%, exceeding the global average. The main contributors were sectors such as manufacturing, agriculture, construction, pharmaceuticals, and IT (computer manufacturing). Inflation slowed to 5.6% last year, real income growth is expected to reach 7.7% in 2025, and consumer activity increased by 2.9%.
Alexander Novak outlined the challenges that must be addressed to achieve one of the key goals set by the Russian President – achieving a trajectory of sustainable economic growth. These include the cost of borrowing, low unemployment, and the administrative burden. Addressing these issues requires a balanced macroeconomic framework and the ongoing monitoring and management of such important parameters as money supply growth, lending dynamics, and the state of the budget system. Significant attention is also being paid to increasing labor productivity across all sectors of the economy.
A key tool for improving the country's business climate is the national model of target business conditions, developed at the request of the President of Russia and approved by the Government in November 2025. Within this framework, extensive joint work was undertaken to create roadmaps in 11 areas, which include 250 measures aimed at achieving 42 indicators.
"We've been through a difficult period. The challenges facing our country today require maximum focus, professionalism, and, most importantly, the ability to work together. The government is open to dialogue and values the expert opinion of the business community," noted Alexander Novak.
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