15 February 2013, 14:46

PM Medvedev outlines Russia’s priorities

PM Medvedev outlines Russia’s priorities

Speaking at the 2013 Krasnoyarsk Economic Forum earlier this week, Russian Prime Minister Dmitry Medvedev outlined Russia’s key priorities for the next five years. Among other things, he urged more efforts to boost economic growth by developing modern-day communications and high technologies. Medvedev stressed that the ‘main drive should be expressed by ourselves.’

Remarkably, the 2008 Krasnoyarsk Economic Forum saw then-First Deputy Prime Minister Medvedev present the so-called four I’s program of Russia’s development, which contained four key areas - institutions, infrastructure, innovations, and investments. Shortly after, the fifth area, intellect, was added to the program that is yet to be implemented.

In his keynote speech at the 2013 Krasnoyarsk Economic Forum, Medevdev also urged the Cabinet to ensure stable economic growth of at least 5 percent a year in the near future. According to him, this task should be resolved by implementing an array of steps.

"First and foremost, more efforts are needed to improve the investment climate which is defined by many parameters, Medevdev said. Investors should assess the feasibility and predictability of government policy in various fields. They should evaluate decisions by regulators, law enforcement agencies, watchdog services and infrastructure companies. It is necessary to deal with constant monitoring of what is going on in real life. But we will implement everything we promised and planned. By 2018, Russia is to be ranked among the top twenty countries with a favorable business climate."

For this to happen, it is necessary to fulfill a wide range of tasks, including the development of all types of modern infrastructure, including the energy one, Medvedev said.

Also on the agenda is creating a sustained long-term demand for inventions and high technologies. Meanwhile, the government has already approved a strategy for innovative development of the Russian economy up to 2020. As a result of joint work of the state, business people and scientists, a share of enterprises introducing high technologies should amount to 40 percent. To that end, it is necessary to create innovation centers, such as the Skolkovo innovation hubs, Medvedev pointed out.

"The Skolkovo center comprises almost 800 participants, including enterprises from 44 Russian regions and 49 venture funds from Russia and beyond. The large companies’ ever-growing interest in the Skolkovo project is a major factor of the success. Skolkovo still remains the sole growth point, which is why it is necessary to spread innovation activity to other regions."

Medvedev emphasized that the implementation of ambitious tasks set by the government stipulates modernizing the system of state management.

"This implies the expansion of the volume of data related to activities by bodies of power of all levels; the implementation of the National Action Plan on introducing open management mechanisms; and constant civil control in the sphere of state purchase contracts and investments."

In conclusion, Dmitry Medvedev voiced hope that more will be done so that Russia can be ranked among the top twenty countries with a favorable business climate.

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