Ministry of Industry announces new objectives

16 февраля 2017

The Ministry of Industry today summed up the results of the past year and announced new objectives. Vladimir Semashko praised the activity of the industrial sector in 2016. Thus, the output growth rate reached 104%, and the export amounted to 103%. The main task faced by the industry today is the protection of the domestic market, higher added value- and cost-efficiency. The Vice Prime Minister stressed that in the past year, the profitability of the Industry Ministry enterprises increased by almost 2%.

The Ministry of Industry prioritized the issue of export promotion. Also, the Minister of Industry instructed top managers of companies to prepare plans to increase the salaries of employees.