Russian President Dmitry Medvedev believes that Russia's economy - more solid than the economies of most EU countries. According to the President, the situation with the investment climate is far from perfect, but "is gradually getting better." "Our economy is on the whole looks much more solid and stronger than the economy as more EU countries", - Medvedev said at a press briefing of the Volga Federal District.
"We have inflation more or less under control. Yes, it is high, but it is not European inflation. Inflation (in Russia) under control and still declining: this year it is the lowest - around 7%" - Medvedev said, recalling that "20 years ago, inflation was fifteen hundred." He added that "we have growing GDP, and this year was an increase of 4.5%, while in the eurozone - 0-1-2%." In addition, Medvedev said, "we have a good relationship between debt and GDP." "National debt now stands at 12%, while in most developed European countries - 80-90-100%," - he continued. "We have a stable, our currency, it is bought and sold, we have stocks of both national and foreign currency", - head of state reminded.