The North Caucasus will receive new measures to support investment activity
2021-06-20 12:30

The North Caucasus will receive new measures to support investment activity

The Russian government has developed new additional measures to support investment activity in the North Caucasus with the involvement of financial and credit institutions, North Caucasus Resorts said.

"Additional mechanisms will be aimed at systemic support of investment activity in the macro-region with greater involvement of financial and credit institutions. One of the new support measures will be a "one-stop-shop" service for investors. Analysis of investment projects, selection of the necessary financial support mechanism and further project support will be carried out through one channel", - said the General Director of the organization Khasan Timizhev after the meeting of the Government Commission for Social and Economic Development of the North Caucasus Federal District.

During the meeting Minister of Economic Development of Russia Maxim Reshetnikov presented the first results of the work of the united institute for development and solutions for business support in the region. According to him, within the framework of the unification of development institutions in the North Caucasus, costs have been optimized over two years by 1.5 billion rubles.

"The balances in the corporate accounts, taking into account this year's additional capitalizations, will be about 15 billion rubles. These are just the funds that have been blocked in order to spend them efficiently," the minister explained.

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    Author: Karina Kamalova