General Layout. It isnowbeingworkeduponby
theMinistryof Architectural Policyof Crimeaand
weareplanning toprovideclear borderson the
land, definewhere the town limits are inorder to
add the territories from the reserve. Everything
has tobeplannedclearly: this is resort area, this
ispark area, and this is amusement park area.
Roads andcommunicationnetworks alsohave
tobe incorporated into the long-termplans. This
is ahugeamount ofwork requiringhundredsof
millionsdollars andneedinga serious investor.
And the schemeof our relationshipshas to
encourage investors to invest their fundswhile
being sure that their investmentswouldpayback.
Certainly, Crimea is new inusingmajor
investment projects andwe face certain
problems in theprocess of finding foreign
investors. Today, there areobstacles – I wouldn’t
call themnon-negotiable–but they complicate
seriouslyour plans on implementation if all
aspects of investment policy. Primarily, this is
the imperfectionof regulations and laws in
the sphereof land legislation and in the field
of theuseof stockmarket instruments on the
local level. TheParliament of theAutonomous
Republichas no authority for adopting laws.
Nevertheless, we are looking for solutions for
this important issue, whichdetermines the
whole futuredevelopment of theeconomyof
theAutonomous Republicof Crimea and the
lifequalityof Crimeanpeople.We areusingour
best effortswithin the rangeof our competence.
TheCouncil ofMinisters of Crimea adopted
its resolution, whichdeterminedmore clearly
themechanismof allocationof landplots
for implementationof investment projects
on competitivebasis, using thepotential of
the stockmarket and training the specialists
of international level capableof preparing
the investment projects pursuant to the
requirements of the EuropeanUnion. On its part,
CrimeanParliament alsomakes certainmoves.
ThisMarch, theParliament of Crimea approved
theProgramof Development of Investment
Activities until 2010, themaingoal ofwhich is
the creationofmost favorable conditions for
development of investment climateon the
territoryof thepeninsula and successful filling
of its investmentmap. Crimea can and should
create suchbusiness environment thatwould
allowopening the “green corridor” for the inflow
of serious foreign capital. This programprovides
for increaseof capital investments by 2010, up
GETTINGSERIOUS
INVESTMENTFUNDS,
BALANCEDDEVELOPMENT
OFTHECOASTAL
AREASANDRESORT
INFRASTRUCTUREWOULD
ALLOWCREATIONOFA
RESORTOASISATTHE
WESTCOASTANDWOULD
WORKFORTHEPROFIT
OF LOCALCOUNCILS
INVOLVINGTHEIR
IMMEDIATEPARTICIPATION
BUSINESS EMIRATES
162
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ÓÊÐÀÈÍÀ -ÎÀÝ
