Medvedev criticizes Moscow for lack of business competition

11:27, August 15, 2010      

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Russian President Dmitry Medvedev Saturday criticized Moscow for lack of competition and called on the city authorities to improve the business environment.

"The market in Moscow utterly lacks competition," Medvedev told First Deputy Prime Minister Igor Shuvalov, cited by Interfax news agency.

The Moscow authorities should pay attention to lack of competition on the local market, Medvedev warned.

"The Moscow government has something to think about," he said.

Shuvalov told the president that according to the annual Federal Antimonopoly Service's report, the economic downturn had deteriorated the economic climate in Russia with competition extremely complicated in several regions including Moscow.

"Monopolies are easily formed in large populated areas, where there is a lot of money and capitals," the president said.

Source: Xinhua

(Editor:王寒露)

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