Rustam Minnikhanov takes part in plenary session of “Sochi-2013” forum

On September 27 Tatarstan President Rustam Minnikhanov took part in a plenary session of the international investment forum “Sochi-2013” where Chairman of Russian Government Dmitry Medvedev delivered the speech.

Dmitry Medvedev noted the slowdown in economic growth in the country, mainly because the increase in production is happening only at the expense of state sector. However, it cannot be the only source of economic growth, he said. He stated that notwithstanding all hardships, Russian leadership would continue supporting small production and investment companies.

“We must minimize current budget costs and stop spending money on inefficient projects and institutions, and try to make our government machine more compact, inexpensive and efficient,” he continued.

Dmitry Medvedev pointed out main principles of a new model of Russian economy: business freedom, promotion of technological re-equipment, and increase of state accountability to the society. He also noted that the “policy of employment support at any cost” should be declined taking into account current economic situation in the country.

During the discussion Dmitry Medvedev also focused on educational problems, and training of highly skilled personnel.