The solutions that can provide for an increase in investments in the economy are an increase in population mobility and an increase in access to skilled manpower.
Each region should concentrate on the specific competences in which it is strong and which it can provide with good manpower and good stable legislation, so that no investors encounter problems. This also includes high-quality state governance, advanced legislation and availability of the requisite infrastructure. And all this forms the conditions for investments to grow.
All our investments must be more productive. Only then will we be able, step by step, to achieve competitiveness and to offer the same competitive goods in the foreseeable future.
Large-scale privatization of major state companies is required, since the level of efficiency from the perspective of revenues per employee is exceptionally low in the current system.
Russian metals companies are competitive in terms of quality and product range, as well as by virtue of their low production costs.
The practice of withdrawing pension accumulations must be stopped and these funds returned to the market, since pension funds are precisely the monies that have the first opportunity to become long-term investments and go into projects.
Severstal’s main investment in the future will be made in creating value added products, a client service and further cuts in costs. At the same time, we do not intend to invest in any substantial increase in capacity, as has been the case for the last 15–20 years, in view of the shortage of demand.
In cooperation with SIBUR
In cooperation with Deloitte