Monday, July 23, 2012
According to FAS Chief, Antimonopoly Reforms Have Generated Macro-Economic Effects
According to FAS Head, Igor Artemyev, modernization of the antimonopoly laws and enforcement has already generated several macro-economic benefits. “Under FAS influence, situations in some sectors of Russian economy started to change, for instance, on the markets of oil products, metallurgical market, in the field of trade, and on other markets”, commented Artyemev before a recent gathering of business representatives. Artyemev believes that the next logical step for FAS is to make procurement of holders of natural monopolies and state-run companies transparent and to ensure public control over them. In particular, Artemyev stressed that “[i]ncreasing transparency in the field of state procurement by natural monopolies and state-run procurement would positively affect development of small and medium business and development competition in Russia in general."