Sunday, February 17, 2008

Mevedev Makes Pledge for Economy


"The man expected to become Russia's next president, Dmitry Medvedev, has said that reducing the economic role of the state was among his priorities." He also dicussed fighting against corruption when he is elected President of Russia in March.
Mr. Medvedev, 42, is first deputy prime minister and head of Russia's state gas monopoly, Gazprom. Speaking at the Krasnoyarsk economic forum in Siberia on Friday, he said "a significant share of the functions carried out by state organs should be given over to the private sector".


He also stated that large state-owned companies should adapt to remain competitive. "I think there is no reason for the majority of state officials to sit on the boards of those firms. They should be replaced by truly independent directors, which the state would hire to implement its plans," said Medvedev.
Mr Medvedev said he would seek to make Russia into "one of the biggest financial centres in the world" with a stable currency, strong banking sector and reformed tax system.


To read the full story, click here.

Although Mr. Medvedev is currently the head of Russia's state gas monopoly, Gazprom, he speaks of an economy that is competitive. His current position doesn't mirror his political ideas, but if he worked towards a freer market, Russia could greatly benifit.

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