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Russia's Largest Holding To Create New Jobs for Citizens

Russia's President Dmitry Medvedev expects Russia's largest non natural resources holding AFK Sistema to...

Russia's Largest Holding To Create New Jobs for Citizens

Russia's President Dmitry Medvedev expects Russia's largest non natural resources holding AFK Sistema to set up new jobs in the country and invest money in big projects.

“We need ambitious tasks, achievements on global market, the economy won’t be strong without it,” Medvedev said at his meeting with AFK Sistema CEO Vladimir Evtushenkov.

The core business of AFK Sistema is telecom, and the company covers over 40 percent of Russia’s market in this field.

“In the recent 15 years, the company has turned into a global player in certain directions, which has been recognized by the world community,” Evtushenkov said. But it needs the state support. “The investments are measured by dozens of billions and the political support of the government is needed to expand overseas.”

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