Dmitry Medvedev’s commission to modernize the economy is calling on big business
to contribute to ‘an innovative economy
‘ with initiatives such as Mikhail Prokhorov’s low-budget car. The president is also pushing for more privatization
, ordering his cabinet to sell government stakes over the next two years; and announced that it would be a government priority to develop Russia’s pharmaceutical industry and reduce its dependence
on foreign medicine. The Russian auto industry is looking healthy
after yesterdays news of a joint venture between Sollers and Fiat was followed by the announcement that Germany’s Daimler had agreed to increase its stake in KamAZ.