stand that without winning over corruption effect as good as government policy without good quality that any financial system we won't go there comes this excessive resource dependence and want to achieve high quality of life that's the course for modernization. well eighty of them became a response to the many an issue and that's exactly why we launched a project of modernising national economy in the defining technology priority for the next two years setting the task of turning moscow into one of the biggest international financial some but it is not one that modernization is not look easy but from the very beginning we were aware that that is exactly the way it will go but to wait until it's. even in the throat identify certain other timeframes was something that we simply didn't have the right to take and we started acting which in any case the policy of modernization anybody's burying its first little fruits

during the past few months projects i already sectors have started with one hundred millions of dollars russia is something that particular all of the major global famine energy companies came to a strategic investor is during three years the number of russian households who have access to the world that internet successful i.p.o. is of russian internet companies took place it is and the total capitalization right now is measured with dozens of billions of dollars i see a second year and russia leaders so there's going to end in strength and it's leadership created by the launching of the first into this space and breakthrough of eureka got into mischief the end of it came to our country's number one in terms of the space that prompted here i mean in terms of launching space in russia and we are completing the creation of the national navigation system which is on loan us which gradually use the system that the world is starting as you say and finally today russia is building nuclear stations using technologies which already comply

to states to pursue my requirements meaning the enhanced secretary comments which. i mean in the mentioned actually technology priority because i believe this is where modernization of the economy many of us. itself and what we intend to do is not just the innovation center you spoke about not just changing the way we're going to colleges and through a new one in a number of her it is a cause that is self-evident such. as it was the sparks which sentiment emotion of the mechanism for much modest scale changes for growing the dynamics in subtle changes in these product projects to demonstrate how one should work to do that as with anything we started disseminating best practices throughout the whole country and that goes all over the country that we use all three of the new technologies instruments for research and innovation standards for technical regulations custom clearance immigration rules and many many other things including

the quality of government and the regional really good though it. took place in the one with h.r. changes and another called the changes to be faster to go a few years i have another one considerably renewed the q. and a year leadership corps in the russian region is new and it's all legal actions lead as you came to governors because it's an event that already. but if you look at any of the business environment and i would just quote as an example one city which is more as a nation that i recently pointed out already reduced the number off procedures required to start a construction project to fall and that was a very you know how to train thank you for the development you have all seen it and i would like to say that these are just interesting results only small ones they should and shouldn't of its objectives these are difficult and complex problem but i am absolutely sure that the excess these well she will you take your take on exam he would get out and see the way we are going to minimize external risks globally

financing the global financial crisis election occurrence of the first significant advantage will this moment is the number of countries including european countries and the united states the thirty year old was that he was more an appearance of new bundles can happen practically any market and we show it absolutely which is clearly you know that he stands a basic global financial system that these bubbles burst in such a way that he throws the whole planet into question the need to reduce your differences may bring about a slowing of the economy development and consequently the demand for the russian goods investors will be looking for ways of ever supply their investment such as in whether they come to selective our country to a very large extent depends upon ourselves ultimately russia will be one must propose new openness new ships the problems they were throwing at the consumer demand to dozens of infrastructure projects just because it is wellness demonstrated sales and they saw the new is related to the creation of a single economic space with our neighbors which are i would like to emphasize this

should make it into one of the biggest and most cave markets for the world in the middle of the global economy is headed fine excess of all two of your commodity markets and we saw it through our own example just in a shit one should always count up on high oil prices in particular need a continued growth but yes indeed the kind of an upheaval that is taking place in asia but. it is important i developed many. the conflict in the middle east and northern africa you think consequences of the japanese detestably a hole in its leg to higher commodity prices up or down the can you. relies upon the price environment is totally out of a long term list of goals. and this is an absolutely banal things requests say but we ought to live according to. trying to at least save some of our income from big sissy was my say so she thinks if you turn your education over such a money against a backdrop all this fuss for a little inflation is

a better risk upon a sale if it doesn't allow us to reduce interest rates and dramatically increase the investment activity used in the us but mr fein interest is not in response that the well isn't actually good at so much more significant integration of the russian economy into the global next regulation is also want to only the alternative free scenarios the business have a saying in markets like courage because they were only when they unfold it and so weak and without an open economy it will plummet and it will really. that is what we are going to refuse there is a foreign investment into shape and we will plan to complete the russian accession to the w t o and then he is going to go through the. economic nominations it was a comic operation in development as far as w. is concerned i believe that is real to you could easily work this year but certainly no political games recently. we. joined them of

geo more than you would see many other countries the big ones are the little ones and everybody is aware of it is not the point well the production of the moguls condition number off of concession for something they're trying to squeeze us for in such an approach unacceptable and such openness listen to teachers decision for something that russia won't go for you even our partners as not ready for it say that we're looking for the night in russia succession to go this is going to be a scenario and we need to avoid it no one will want and not separate political economic interests must not hinder our successful development i see it would actually russia was the. best way will also utilize its positions in the international institutions to see where part of the g eight anyway track the responsibility for results in a global security problems for taking the development of the poorest states of the world and this part of the brics forums that russia is one of the fastest growing

countries will interest it amongst other things in a much more stable financial architecture at least in bringing about ten years more than with men and technology and in snake came to be international crime which is a more democratic and much more active application of your nubile r. and b. and wish there were larger emerging the currencies apparently will turn the international financial currency system into much more flexible and comfortable for investors that operate within of it i will now do another thing for the market being able to work within these can afford what is what are we going to create an opportunity for russia to act as a breach to harmonize different motivations when for more people you are no more the most influential right now the economic forum which is the g. twenty in that you would get a good leadership it's with russia already brought it being debated in the most authoritative and. national for a very happy for that and that goes for the new class safety and security is well actually the most at risk for music and scared of the production of oil but you have communicated our ideas about the new rules for the i was

a property in circulation because of the way the internet is developing and the basic idea which is of no we. are all of the culture right holders when defining the shipping ways to protect their ip products it's. just separate examples of our joint work and leave that related important to achieve new quality you know agreements between the leading nations about the common principles of that a lot of economic policies modernist. here i see it we're not a particular tensions and russia will play the role of one of the key moderators in description a great deal in our life. political role played solution is the for the sake of the global stability and security as i see it by our biggest neighbor which is the people's republic of china is that each step of your partnership between russia and china giving us a try in the world simultaneously into more story stable why it is a mission to. turn it into a more dynamic and developing was

a middle of its piece of the world it is now they call it the strategy for the development of this country and about the goals of the strategy that we've mentioned more than one place them all. and therefore i would i would like to know the focus today more up for our actions which is obviously one of the most you know a lot of national well known steve jobs innovators in the world steve jobs once said that they need to leave the organization of the ones which you actually the ones which you decide not to implement and i would like to state. very clearly. we thought that because we in the far north building the only government capitol hill yes we'd have a stage of development related to strengthening the role of government in the economy. was essentially an endeavor to pull your face and very necessary evil spirit you shouldn't carry it was important to stay linus occasion after the case of the ninety's and to sap and elementary what are you quite was and still high

about right now the potential for these way to do is exhausted which is that the effectiveness. of comic model very strongly depends upon the environment and often leads to work for doubt steps erratic steps which can only one thing preserve it was already there and almost all the time but irrespective of the effectiveness of such a character. the government still has a case they can image bones a big number of economic and so from companies to land the land. but if you look at all the rest of the assets as well. as inclusion in a definitive way the excessive system of the government regulation in the captives . in the first place the natural monopoly of the g.m. captors. and any uncertainty found in law is the respond

by an entrepreneur but not by governments and the principle of the government being always right either manifested in the corruption or over the counter preferences to crony companies irrespective of the four proprietorship under such conditions these are not in the market institutions which operate by the principles of manual control. their efficiency is not only strongly limited as to very. discriminating in the quality of the medicine economy and democracy under such a system very often reminds one of a well known joke about the way computer systems yes the old errors were eliminated . but some brand new understand it ok and as a result of the domination of the company of the companies in a significant number of industries so low entropy general and investment activity in leaders areas and in the end of the day the threat of losing competitiveness for the whole russian economy which won't be prevented even the kind of words that we

some of the experts may find very nice today is like a matilda five year period such an economic model poses a threat to the future of the country and this is not my choice my choice is different but i see the russian economy it must have an donating private entrepreneurs ship and private investors the government must protect of choice and property. conscientiously risk their money and there were none of those know that they must provide sure such people the right to make a mistake as well as an opportunity to act in adroit shingle and bishops in different way company and the government of companies must ensure contemporary stable infrastructure for the development of the overall economy so those that oppose the government in a similar way should trade such a system of social security and public services which would be incentivize russia now is hold to berlin number of children to maintain a healthy way of life to

a continuing to education and ultimately a long and fruitful employment rights and here we will have to do a lot of things still you know to get rid of the heritage of the previous system where you put in the distribution mechanism because this is for the chosen one and you have not raised as well as a minimum ration which made all the rast equal in their apology and suppression in other words my choice is the policy which would ensure a maximum want to charity to withhold economic activity of the millions of our citizens to show the citizens seem to operate dictates by the law and the whole might of the government power. bush my choice is to rush to see within the next ten years which was the economy of the high quality of life economy which will turn our life into a comfortable and exciting one the economy will create the things which would enable us to stay within the top leaders of the world which in my mind. that all we

simply having healthy people in clean energy the intellectual network electronics services the comfortable transportation if not about how is a huge quality education in favor of the environment for everyone and trust me for most children for the disabled and for our seniors it wasn't possible if we can afford the day that he will not be trying to catch up somebody but to create new technology. and we're moving towards such an economy which is based on the next generation of technology as it were lined up on and a major competitive companies competitive in the global markets and a broad number of medium and small sized companies of an innovative nature amongst other things going to be when we become the last set of skills in such important issues which we maintain and if we expand our big intellectual human capital i'm convinced that russia will stay a month the leaders of the global economic growth what are my choices. is serious

renewal of not only bolted on the elements of the economy but all of the public institutions we have created it is necessary not only can be very specifically if you change but also to undertake has to make decisions we should not build a saying good bye to many a bad hyper. state is improper for us to talk it only at that relaxed and even list days ago that this is a mistake not to go behind the stability with an illusion another stagnation maybe behind it so we need to decisively and quickly change everything that is in the way for the breakthrough development phase and leave things mentioned concerts. the basis of the strategy we try populated during the three years of my presidential office in which the day is broadly known actually a program of russian more than i say she oh i'm convinced this is the most state of the art and the most worthy policy but for russia. we can change the situation for about it or within the next ten years our main exhibit is for that purpose will be

aimed at the following accepted. to medical improve the investment and entrepreneurial environment for the purpose of creating highly productive workplaces in all of the regions of the country for a good quality progress in the fighting corruption and creating of the modern shelly's another one for some structures and improving the efficiency of the judicial system and finally some of them organizing the government itself but i am betting into it more than project based approaches and decentralizing different and so much by the end of march in the studio last night issued a toss aimed at improving the quality of the market institutions that were using the cost for business and bringing investments into the russian economy and it was in politics it is very important to bring your decisions all the way to practical application and the money to course initiatives all that is being implemented a decision was made to a client and chain us need to reduce the maximum break

a minute version insurance contributions starting from next year from thirty four down to thirty percent and for the small business. good production area and social area to twenty percent this is a model certainly not a dramatic reduction but which is there even if you should measure for a great number of small or medium sized companies and i believe that this decision for this transitional period is a fair and very kind of structure. besides . the decision was which would also narrow the area of control with a strategic foreign investment. as well as would ensure access for minority shareholders to the information about one of the public companies in the film we investment ombudsman now in our federal district mauled by a hotline of the presidential office who is also working to withdraw federal adequate appeared which institute a special order all reviewing claims we trick you somebody off corruption in

particularly we have completed a changing of the lease by the government officials for non-executive directors in a key government companies all of the drugs to companies controlled by the government this particular process will be completed in the autumn of the c.f.o. the company we have established to be a russian the rent investment fund management company the federal budget has about two billion dollars allocated for setting aids universal secretary comical way house negotiations with the key potential partners interest from them is a very strong issue and when lex few months will start reviewing specific procedures denia if you look at what's the discussion of these magnitogorsk initiatives demonstrate a very high demand for very quick and practical decisions and that is no accident because the task of monetization can be achieved not just by one off maybe used dramatic action but only as long as there is a continued flow of changes undertaken as well as an existence of the political

will to move this process shut up in a predictable step by step one. yeah. but in this context i believe. that it is worthwhile today. to undertake some steps which are. first rate because the best of all the government doesn't require such a large mass of. the government has submitted its ideas about the schedule for privatization of the major companies the implementation of these plans necessary but these plans. i believe it is costing are justified to give up on controlling as well as the blocking shares of stock in many major companies which currently are owned by the government. but more cautious approach will be here required back to infrastructure monopolies

and the big companies which are necessary to ensure military security of defense are curative the greater the government before august first will have to just to scale up privatization in order to resolve this and i'm sure that it will be able to present action and do provision following steps to be transparent rolls in order to attract effective private investors and generate a sufficient amount of funds for the russian budget second to try to make a commercial to sleep with several nature of this country must be the driving factor for the problems of this diverse country and promote our competitive advantage in the medium as well in the contemporary world it isn't possible to manage the whole country on the one place particularly when we're talking about such a country as russia so it would. use more words about it sure if. everything's a starts moving work only if it's the markets. commanders on the common and i know

this because we went to that experience means that such a system but he's not going to get the recipient he's not able to present get it past the baby. to a specific person and this is bad for the systems have to be overhauled and very soon i'm going to create a highly placed working group which will. be centralized authority between all levels all of the government once again in favor of going to college just covering the issues of perspective adjustment of the international tax system and the principles of the e.u. to budgetary control agency i believe that such decisions would be more conducive to the future getting it out of the russian economy with our client he said there is a need to undertake additional steps to improve the quality of the work about judicial authority but it's in this area there are quite a few problems at all to stay in the region about them and we know them quite a lot and not only would know we aren't capable of sorting things out with them without any external how do you sit with us and i'm confident that they in the

first place the community will believe it let's sell for many for they are proposing and i so every now and then receive such mistruths so that special court in the last century a special in a judicial system of foreign investors i don't believe this is right and by useful thing of course is something that everybody acquires the citizens of this country i mean is that any organization any individual you know that i can we can show that is exactly the way we're going to work more than a shoot at the same time that we show incentivize them to do it as a matter specialty in terms of the training of the traditionary which is a label that's maybe asian and improve the quality of our judges i believe that a judicial court is something that he you people should come to with the expertise of working in different legal areas in order to try to speed up such a remote commuting one way going to make unnecessary decisions which you could i would also toss do you think about the possibility all the time going on at the. judges so i say to you or cut them and make them accountable and yes we have the

qualification will if you want our perspective levels and a little bit about this english entre between these qualifications boards as well as the region no no presence that is a very special issue but a very important one and the fourth thing a lot of. words about corruption and suffocating the russian economy is something that we constantly early on so it is evident and it should be as they say very symmetrical not. leave choke on the neck of the. human master to be a leader. is the without any notice on the notion you wish and stop it but corruption is very difficult to discover the existing order of a criminal prosecution because corruption is very slow and very complicated it should be maintained at least for a clique parenting is known to be there in case there is some unjustified accusations and some things which. doesn't often at the same time the government

should be purged from their actions and in a more subtle way on your bed for that purpose we shoot enhanced the basis for the dismissal from the government office just as those who are suspected of corruption and then leave well we could have as a basis given information which would receive the result of investigative activity even if they were formalized in such a way this or that could not will be applied to any criminal prosecution essentially that will be dismissal because of the loss of trust as the basis to terminate official doesn't mean it's and one that you must occur and it is same time there is a need to maintain the traditional order through which socialist national can see where people you people mean wish that you and i truly think that we should use the two to full capacity to recount ability to afford a government which before that has compensate it losses and damages of an individual which was not about illegal activity or the lack of it we don't. part of such government officials would tell you is so generally speaking we should squeeze

and chase out the other in all those please put us through just the disrespect and who do not respect you see integrity of their critics and there are quite a few people like you and unfortunately and you think we're going to resist it. such are found also in the want us in the system and specifically what i'm talking about actually kind of nice to get is who is deterred to flee i don't ground the criminal case into an instrument of. corporate raiding and into some sort of business for them so this was a bit in one that is they should use the institution all of a mandatory persecutors a verification for cases which go through the call and in case some abuse is uncovered a prosecutor will be able to criminal prosecution investigator respective amendments into the law and going to submit them to the russian parliament in the very near future if you think it will be just necessary for us not only you are going to talk

about beautiful plans but also to cheat as significant progress in developing a financial center you must go for that purpose and many important changes in the legislation are going to be submitted to the syrians with the most good government in the same period of time to put together a package of basic programs which would alter the life of your city and in terms of some other issues for example in terms of. the circulation of the russian security abroad we would also be making some decisions in the very near future when the last thing to do in cities that were trying to achieve a visa free regime with european union and other countries is that a lot here depends upon our partners not have arguments we are ready to demonstrate people not only will hold to result but also demonstrate an ability to undertake very specific steps so it would make it possible in the long term users to be received by all investors and finnish men who have consumed would use much interest in russia including those who are involved in this game with the innovations

project and the international financial center project and moscow when finally. in order to. improve the development of moscow make apologies for the purpose of the initial center project and simply to ease the life for a great number of people that are. we may also consider the possibility to expand the thing the boundaries of the city are must decide to create the kind of city federal district which would go beyond the traditional drawn areas of many secure must go and move outside of those bunker boundaries because it will number all of the government institutions and agencies that are there with your friends colleagues as well and yet i can you prove it a number of very specific measures and i'm sure that they are going to be implemented but it doesn't mean that shit at their least is exhausting at all since when these measures should be containing the system and proving i'm sure that all

the physical object we're setting ourselves will be achieved if there is no doubt about it that's notable and a foundation of such confidence that it is the fact that we are striving to achieve development and you quality of life with two winning over corruption and unfairness and that unites the whole of the russian society and we will act in one common effort in order to implement this uniting strategy there will be a need to do changes in the structure of the government as well as the other levels of authority that we need to ensure its way to openness of a government and you know broad opportunities for private business matters ready to do our best to maintain one of the station locally public initiatives an inability for those who are not indifferent to unite those who are trying to change the life for the better into their little township or city into our well known historical i call them seem used to say that a lot of one's own good bring.