>>2347686>Putin comments on Russian economy at 29:00Gdp growth at 4%+, mentions a new gdp formula to separate hydrocarbon and non hydrocarbon industry growth. Says that growth is spread across various sectors of the economy and not just driven by mic.
"Almost all key systematically important industries of the Russian economy have been growing."
>key aspects to address 35:26First: change the nature of employment and consumption patterns, a "transition to an economy of high wages based not on a shortage of a labor force when entrepreneurs have to raise wages in order to compete for workers. Rather these high wages have to be based on the quality of jobs as well as higher labor productivity."
Unemployment rate stabilized at 2.3% over the last four years.
It's also important to integrate up to date and cutting edge technological solutions like platform based employment and digital market places.
Cites dealing with youth unemployment as important for the social and economic development of a country, with Russia's youth unemployment rate at 7% as opposed to France and the UK's 16 and 11%.
<Very cute business girl spotted at 40:17Calls to decrease employment in support industry (government?) Jobs with incentives in tech based labor efficient jobs via something something digital solutions
Cites high paying jobs as key to increasing citizens qol and decreasing inequality
Decrease in 2 million people earning less than the minimum wage over the previous year.
>42:06"Poverty level" in Russia was 29% of the population in 2000, 42.3 million people. In 2024 the level is 7.2%, 10.5 million.
Calls for building an economy of high wages based on higher labor productivity to achieve a level of 5%.
Needs to increase labor mobility by training and retraining them, increase industrial robot integration.
New Federal law promoting the creative industry in 70 regions.
>47:28 talking about the tourist industry Plans to renovate 1000 cultural heritage sites by 2030
Calls for special projects to recover useful elements from decades of accumulated industrial waste
>51:01 second key area, equality of investment climateDesires to lower costs for investments and new projects, with a goal to increase capital investments in the country by 60% in 2030 over 2020
<I hope you were looking forward to state capitalism because that's what you're getting<I wish a bomb would fall on this building and kill all these little piggiesThe goal is to make Russia among the top 20 business friendly countries by 2030
By 2030 aggregate spending for r&d in Russia between the state and private business should increase to no less that 2% gdp
>57:00Competition can be useful but in some cases it decreases efficiency and unity
>1:00:00Needs more collaboration between research institutions, individual entrepreneurs, and the business environment in developing new technologies and inventions
<cute girl spotted again 1:00:57They want to develope a market of ip with system of loans secured by patents and trademarks
>1:05:00 discussing digitalizing transport and logistical documents to create international transport corridors among brics statesDigital ruble/ currency promotion
>1:07:04 fourth key area of structural change: export and importWants to grow exports beyond oil and gas export
Cooperation and elimination of trade barriers with key partners
>1:07:37 plan for strategic cooperation with chinaGoing to development "action plan" with India "in near future"
Large scale energy projects implemented with Belarus, Uzbekistan, Kazakhstan, turkiye, Vietnam, and "a number of other countries." Including nuclear and extractive projects.
Working to increase labor intensive imports to focus domestic labor on high tech, complicated goods and services.
>1:10:07 the Russian defense industry and the fifth area of structural modernization of the economy 1. Whenever possible we need to aim for synergies and adjacencies between the defence and civil sectors; manage production of dual use products; eliminate distinctions between military and civil sectors
2. Speed of change. Time between ideation, creation, production, and distribution of products is shrinking and the military industry should adopt these trends.
3. Flexibility. Military unit commanders are playing a greater role in the development of tactics and supplies/more integration between military commanders and the firms developing their products
4. Increasing the use of ai and drones to combat crime and fight on the battlefield.
>1:15:00 the global economy is going through the greatest changes seen in a decadeThe global majority are ramping up their potential and changing the power balance of the planet
At the beginning of the century brics countries were 1/5 of the global economy and now account for 40%
The world needs an alternative development model from the neocolonialist model that serves only the elite of the golden billion
This is probably why we're seeing the changes we're seeing now in the political arena. We need to make sure that all these changes translate into better quality of life for the citizens of our own countries.
>The goal per se is not to modernize the outdated mechanisms of the era of globalization. They are outdated. They have discredited themselves. We need to come up with a new model of development free of any kind of political manipulation, taking into account national interests of the countries. And obviously this model should be focused on the needs of our citizens and their families. Calls for further brics cooperation and touts the brics model of mutual benefit, parity, and recognizing national interests.
Says the era of one country dealing with the world's problems and acting at the expense of others is over.
>1:21:00 ends speechGod that was exhausting. Sorry for mistakes or omissions, but the translators were speaking very quickly about a lot of topics. A lot of it sounded like empty corporate speak so I tried to relay the important stuff. I guess whatever comments he made about Ukraine happen at another section but either someone else can do that part or I'll do it later.