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Medvedev lays out economic plan

February 15, 2008 | “Russia Today"

Institutions, infrastructure, innovation and investment have all been singled out as economic priorities by Presidential candidate Dmitry Medvedev, during a key speech in Russia's Krasnoyarsk region. He's told an economic forum that, if elected on March 2, he'll focus on those 4 areas during his first term.

Last month Medvedev pledged to maintain Putin's economic policies, but this the first time he's publically spoken about his own plans.

The first major issue he touched on was the need to overhaul legislation and eradicate ingrained bribery and corruption. Medvedev pledged to radically change the way administration functions to help small businesses and entrepreneurs flourish.

"The state should take taxes in such an amount that is needed to provide the existence of society itself and to keep the national business in the country," he said.

"We have to launch the refinancing of the banking system. This system needs long money. : We also need to create convenient rules for behaviour on the financial market," Medvedev said. "Next is a creation of a modern infrastructure of the Russian economy. We have a chance to do it on an entirely new technological level by using most advanced technologies," he added.

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