Actuality November, 26, 2007

Public corporation “Rostecnology” will work on the basis of self-financing, reported the press-service of “Rosoboron export”

yesterday. As it is said in the report, it will function “on the principle of breakeven activity”.

The new public corporation is created on the basis of state enterprise “Rosoboronexport” and will not demand investment of budgetary means.

Purpose of its creation is assistance in development, production and export of high-technology industrial products, support of the Russian producer on internal and external markets and investments’ attraction to the industry.

Public corporation “Rostecnology” is able to conclude transactions, sell and buy assets, and also go into the capital of Russian and foreign companies, relating to the high-technology military and civil products.

Moreover its contract activity and export-import operations will carry out the only public intermediary – “Rosoboronexport”. Besides, “Rosoboronexport” will reserve the absolute right to deliveries of the Russian military equipment and technology models

to the foreign markets.

Meanwhile specialists mark the unsatisfactory technical state of

the Russian mechanical engineering.

By majority of developments and technologies Russia stopped at the level of 70-80th of the last century.  And only the fourth part of technologies of mechanical engineering industry corresponds to the world level, specialists consider.

According to the officials’ plan, creation of “Rostecnology” must help development of industry and increase the share of high-technology mechanical engineering products in the Russian export.

From its part “Rosoboronexport” promises to attract all resources at its disposal for development of Russian industrial enterprises.