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MOSCOW, April 3 (Itar-Tass) – Russian Prime Minister Dmitry Medvedev has approved the state program “Economic Development and Innovation Economy,” which determines the basic tools and mechanisms of state regulation in the field of innovative socially-oriented economic development for the 2013–2020 period, the press service of the Cabinet of Ministers reported on Wednesday.
The state program includes nine sub-programs: “The formation of a favourable investment environment,” “Development of small and medium-sized businesses,” “Creation of favourable conditions for the development of the real estate market,” “Improvement of public and municipal administration,” “Fostering innovation,” “Raising efficiency of functioning of natural monopolies and other regulated entities and the development of incentive based regulation,” “Human resources for the innovation economy,” “Improvement of the state strategic management system,” “Formation of official statistical information.”
“The document is aimed at creating a favourable business climate and business environment, intensifying the innovation activity of businesses, as well as at ensuring higher efficiency of state administration,” the press service said. “A full-scale system-based implementation of the set of measures envisaged by the state program will help to ensure the transition to a predominantly innovative development of the Russian economy as a whole. Strong incentives for increasing investment activity and labour productivity growth will be created.”
The corresponding executive order is posted on the official website of the government of the Russian Federation.