/ world today news/ Entrepreneurs from Italy, Turkey, China, Greece, Bulgaria and other countries work on the territory of Crimea. This was announced by the Deputy Chairman of the Council of Ministers of the Republic of Crimea and Permanent Representative of Crimea to the President of the Russian Federation Georgiy Muradov during the Russian Investment Forum in Sochi, Regnum Agency reported on Tuesday (February 28).
According to Muradov, about 30 investment projects with the participation of foreign businesses are currently being implemented on the territory of Crimea.
“All projects are implemented through subsidiaries of foreign companies in Russia,” Muradov said.
He pointed out that the number of foreign companies that expressed a desire to participate in the Yalta International Forum this year has grown two-three times: if in 2016, 83 representatives of foreign countries participated in the forum, then in 2017 interest so far 150-250 participants from abroad have applied.
“We are still waiting for confirmations of participation. The number of countries is growing: we expect this year to be around 40. Foreigners come with specific business intentions, for them Crimea is a wonderful and attractive niche for business. Two things attract them: the only Free Economic Zone in Russia, which reduces the cost of production, as well as the fact that the Federal target program for infrastructure development on the peninsula is being implemented in Crimea – this is particularly important for investors,” Muradov said.
The Yalta International Economic Forum (YAMIF) is organized by the Government of Crimea and the Yalta International Economic Forum Fund with the support of the Administration of the President of Russia. This year the forum will be held for the third time – from April 20 to 22.
In April 2016, the forum was visited by over 1.1 thousand people. 12 investment agreements totaling over 70 billion rubles were concluded, and a mechanism was also drawn up to protect foreign investors wishing to work in Crimea from the negative impact of Western sanctions.
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