OREANDA-NEWS. December 25, 2012. The meeting took place on the premises of Yandex where Prime Minister Dmitry Medvedev viewed a presentation of the company's search engine and the world’s first 3D pixel-free screen designed by Russian engineers.

* * *

Transcript of the meeting:

Dmitry Medvedev: It is beautiful here. We have chosen a wonderful place. Ladies and gentlemen, today we are holding a meeting of the Presidium of the Council for Economic Modernisation and Innovative Development devoted to information and communication technology – one of our most dynamic and promising branches.

I have looked at the expert estimates. I don’t know how correct they are, but they state that our IT market had a volume of 650 billion roubles last year. The experts who are present here can likely comment in this regard. The forecast for this year is more than 700 billion roubles. So, the market is growing. It is not as fantastic as in other countries, but it is increasing and already producing substantial revenues.

Generally, Russia has a good reputation on the global IT market. Our experts are highly valued. They are working to resolve complicated cyber security-linked algorithmic problems that concern mathematical simulation and data procession. Our software school is well-known and is one of the best in the world. Our software experts are fairly competitive globally. I am glad to say that Russia performs well in global student contests. Our teams have repeatedly won software engineering contests of this kind, such as the St. Petersburg University of IT, Mechanics and Optics team. I have met with the team on more than one occasion.