Russian Prime Minister Dmitry Medvedev on Friday signed a state program envisaging development of the country's industrial capabilities until 2020. According to Medvedev's order, the government should focus on creating competitive, structurally balanced industries capable for self-development and integration into the global economy. The program also envisages rendering Russian economy innovative and able to contribute to the country's defense needs, according to the government's website. The 3,514-billion-ruble (about 113-billion-U.S. dollar) program defines 17 sectors as priorities for the economy development, such as car industry, agricultural machinery, military-industrial complex, transportation, chemistry, consumer goods production. The government also plans to create or modernize 25 million jobs, increase investment to the level of up to 27 percent of the GDP and boost labor productivity by 1.5 times. Russia aims to climb in the World Bank's Doing Business ranking from the current 120th position to the 20th, the program said. On Thursday, President Vladimir Putin called the cabinet's work satisfactory and urged the government to fulfill its election promises.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor