Mikhail Fridman, Chairman Alfa Group speaks on Perceptions of Russian Business at the World Economic Forum Russia Meeting in Moscow, October 2-3, 2003
02 Oct 2003

Addressing this issue Mikhail Fridman said: "The process of overall societal change is not so easy. Our internal resources give us a limited ability to develop, and I believe that outside sources such as western expertise in doing business can help to dramatically speed it up." Mikhail Fridman reminded delegates that "The transition to an open and developed economy will go faster if authorities keep working in this direction and our businesses are more responsible." All of us should fight to make our economic environment more stable predictable and transparent." The World Economic Forum Russia Meeting brought together Russian and foreign business leaders, key members of the Russian Government and civil society, and was be honoured by the participation of President Putin. For more information on World Economic Forum visit: www.weforum.org.

CTF Holdings Ltd.

Alfa Group Consortium is one of Russia’s largest privately owned financial-industrial conglomerates, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, media, technology, as well as other industrial-trade and special-situation investments.

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