22 May 2013
Moscow: 02:58
London: 23:58

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PRESS RELEASES

08.05.2012

Executive Order on long-term state economic policy

Vladimir Putin signed Executive Order On Long-Term State Economic Policy.

The Executive Order aims to step up the rate of stable and consistent economic growth, increase people’s real incomes, and make Russia’s economy a technological leader.

The Government has been instructed to take measures to achieve the following targets:

- create and modernise 25 million highly-productive jobs by 2020;

- increase investment by at least 25 percent of GDP by 2015 and by 27 percent of GDP by 2018;

- achieve a 1.3-fold increase in the share of the high-technology and science-intensive sectors in the GDP relative to the 2011 level by 2018;

- increase labour productivity 1.5-fold relative to the 2011 level by 2018;

- increase Russia’s ranking in the World Bank’s ease of doing business index from 120th place in 2011 to 50th place in 2015 and 20th place in 2018.

Full text available at http://eng.kremlin.ru/acts/3758




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