In Russia the loss of business from the actions of officials amounted to 5% of GDP

Due to the inefficient execution of regulations of Supervisory bodies of business losses reach 5% of GDP, this was on the Presidium of the presidential Council for strategic development and priority projects told the Russian Prime Minister Dmitry Medvedev, writes “RIA Novosti”.

“According to experts, the loss of business from execution of inefficient regulations <…> reaches up to 5% of GDP,” said Prime Minister, noting that it “trudnoperevarivaema figure”. “But the fact that this figure is great, no doubt no one”, — concluded Medvedev.

In addition, the Chairman of the government instructed to reduce expenses of the business on the implementation of various regulations of the regulatory bodies. “The goal is to reduce non-productive business expenses by 20% by 2018 and to double by 2024,” — said Medvedev. In his opinion, necessary “clearing of these requirements.”

As told to the Prime Minister, in accordance with its requirements, “every entrepreneur needs to know exactly under what kinds of state or municipal control gets it” and “in what order the control will be carried out”. Also the Chairman of the government noted that the requirements to the business requirements “should not be overstated”. “They should be lifting,” — said Medvedev.

“The situation where it is easier to negotiate with the inspectors, than to fulfill the requirements of the law, it is, in fact, is a crime and should be completely excluded”, — concluded the Prime Minister.

On the eve of 18 October that Russia needs to get rid of unnecessary restrictions in currency control of the Russian companies, said Russian President Vladimir Putin. “We have to see these vestiges to remove exactly,” said the President. Earlier he said that giving maximum freedom to Russian business is the “best response” to the anti-Russian sanctions.