a few moments we'll have the weekend business news with kareena stay with us. hungry for the full story we've got it for. the biggest issues get a human voice face to face with the news makers. every month we give you the future we help you understand how we'll get there and what tomorrow brings the best in science and technology from across russia and around the world. join us for technology update on our g. . o. welcome to business good to have you with us they head of russia's technology corporation was not only has called for a shake up of the legal and tax system he was speaking during a visit to was not a by prime minister putin was that the value of russia's not ultimately when it's the equivalent of thirty billion dollars corporation has so far eighty two projects they had over us not all on the phone each weiss says there's little hope for an efficient high tech sector on the current conditions. she would if he was a couple of really efficient venture firms as well as other infrastructure to build new technology is almost impossible the current legisla

you up today with the situation in the north caucasus but let's get the business news now with kareena stay with us here on r.t. . her welcome to business i'm queen malakand because i have you with us russia ranks sixty third as a competitive nation according to the world economic forum that places russia roughly in the middle of one hundred thirty nine countries on the list data space for unmeasured competitiveness and twelve different ways among them education labor market efficiency and innovation so it's a learned took first place followed by sweden and singapore. and russia's credit rating outlook has been upgraded to positive from stable by fitch ratings the reasons for the boost are exhilarating growth of stabilizing banking industry and a flexible exchange rate policy from the central bag which said it may further raise russia's credit rating if the government reduces the country's vulnerability to swings in all places. politicians are placed in some countries have given up the pretense of economic recovery president barack obama this week called for another round of public spending

all the latest in the world of business coming your way next with kareena melican stay with us here on r.t. . hello welcome to business good to have you with us they head of russia's technology corporation was not only has called for a shake up of the legal and tax system here speaking during a visit he was not a vibrant minister put in was that the value of russia's now duction could ultimately when it's the equivalent of thirty billion dollars corporation has so far pulled eighty two project ahead of us nine zero and twenty two weiss says there's little hope for an efficient high tech sector on the current conditions. if you will you forgive the cannot really efficient venture funds as well as other infrastructure to build nanotechnology is almost impossible the current legislation if you like an official legal framework for venture funds investing in for example startups existing legislation is completely outdated for such forms of business with our tax system also means we have to change we have prepared some proposals and we want to push them forward. now russia's state duma has a

criticism has also been leveled against the police for failing to arrest staying at a concert in russia earlier this week. kareena melican joins us next with all the latest from the world of business stay with us after this short break. this is more a region is economically and socially one of russia's better developed provinces the region has a significant scientific and industrial capacity that will realize its full potential after the construction of this you go to a valley i t. park and tell ya he has completed the id parco has r. and d. projects in the spheres of automotive construction aerospace and oil chemistry high tech data center for bridge with cutting edge servers and communication equipment will be constructed at the core of the park the project has been personally approved by prime minister vladimir putin the federal government is planning to allocate sizable funding for the parks construction investors will be given benefits such as property tax exemption low land rental prices and other preferences but it is this a more region government is open to mutually beneficial cooperation we invite invest

and that brings us to all the latest business news with kareena melican coming your way in a few moments stay with us here on r.t. . for the field we've gone to. the biggest issues get voice face to face with the news makers. how welcome to business here in r t thanks for joining me russian seaports have increased cargo handling by eight percent so far this year that's compared with the same period in two thousand and nine cargoes total there around we had a fifteen million tonnes this is still lower than russia where waste went off we boosted its cargo handling by eleven percent to each almost eight hundred million tons. in russia both the audience and my six finished the week in the red as u.s. treasuries continue to slide and it shares let the drop. from last nearly half talking the triangle's last telecom up seven and going to be at world com three percent. public holidays took some of the steam out of the markets this week according to the director of international equity sales at xander the heart of. russia still primarily driven by the violence coming out from the states coming or comi