Next stop for what's left of U.S. Technology Sector, Russia 1-11-05

[dmcowen674]

1-11-2005 Russia Plans to Boost High-Tech Sector

MOSCOW - President Vladimir Putin on Tuesday announced a plan to diversify Russia's economy and develop its high technology sector by creating special zones where high-tech companies would enjoy tax breaks and other incentives.

Russia has enjoyed five years of oil-fueled economic growth during Putin's presidency

The special economic zones would nurture high-tech companies by offering them lower tax rates, favorable customs regimes, less of the red tape that stifles businesses and fosters corruption, and state aid in funding infrastructure, he said.

 

[fornax]

The high-tech sector is not that bad in Russia, what is bad is their atrocious organizational and management skills.

 

[imported_Condor]

Originally posted by: dmcowen674
1-11-2005 Russia Plans to Boost High-Tech Sector

MOSCOW - President Vladimir Putin on Tuesday announced a plan to diversify Russia's economy and develop its high technology sector by creating special zones where high-tech companies would enjoy tax breaks and other incentives.

Russia has enjoyed five years of oil-fueled economic growth during Putin's presidency

The special economic zones would nurture high-tech companies by offering them lower tax rates, favorable customs regimes, less of the red tape that stifles businesses and fosters corruption, and state aid in funding infrastructure, he said.

And then Putin's buddies would change the law and take over the successful ones. They'll never fall for it!