Russia’s industries to reach pre-crisis level in 2013-2014 – minister.

2/8 Tass 20

MOSCOW, August 2 (Itar-Tass) —— Most of Russia’s industries will reach the pre-recession level in 2013-2014, Russian Minister of Industry and Trade Viktor Khristenko said in his feature published in the Tuesday issue of the RG-Business, a supplement of the Rossiskaya Gazeta daily.

“It is vitally important for us to maintain rhythmical financing of target programs and to begin their implementation in due time,” the feature reads.

According to Khristneko, the ministry of industry and trade is currently integrating all types of expenses under the state programs. The process, in his words, will be over in 2012. “The Ministry of Industry and Trade is forming five such programs: aviation, ship-building, pharmaceuticals, electronics, and a large-scale state program for the development of backward industries,” he said.

The program for the development of the aircraft-building sector aims to help Russia by 2015 be ranked among the world’s top three in the sector, to be among global leaders in the civil segment, among the world’ s top three helicopter makers, and among the world’s five leaders in the engine-building market.

It is also planned to bring the share of Russian manufacturers on the pharmaceutical market to 37 percent by 2015. “And by 2020, Russian manufacturers will account for at least 50 percent of the Russian market of medicines,” Khristenko said.

He also pointed that the development strategy in the automotive industry proved to be successful. In 2010, Russia motor car market grew by 29.9 percent practically reaching the figure of 1.76 million cars. Concurrently, Russian car output almost doubled (1.2 million). “Impressing growth rates are reported this year as well. We are actually returning to the volumes of the pre-recession 2007, although with an utterly new market structure and domestic production,” he said.

In his words, the ministry predicts that a total of 2.7 million cars will be sold in 2011. “According to our estimates, by 2014 we will be Europe’s number one market having exceeded the three million level,” he stressed.

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