Gov't to Consider Stock Market's Development

The Russian government will consider a set of measures aimed at the development of the domestic stock market at a meeting in November of this year, Prime Minister Mikhail Kasyanov wrote in his statement to participants of the Fifth national conference of professional stock market's participants. Kasyanov stressed that this market was becoming one of the most important elements of the state economic policy and, most importantly, providing stable economic growth and attracting both domestic and foreign investors for long-term collaboration.

The statement also says that instruments of the stock market are used in economic reforms in such directions as mortgage crediting, venture financing, insurance and pensions.