Turkey declares one day of national mourning over Istanbul terrorist attackWorld December 11, 7:10
Turkish authorities impose media ban on coverage of Istanbul explosionWorld December 11, 3:01
Erdogan says Istanbul terrorist attack causes fatalitiesWorld December 11, 2:52
Istanbul explosions leave 15 dead, 69 wounded — TV channelWorld December 11, 2:38
Three settlements in Syria join cessation of hostilities — Russia’s Defense MinistryWorld December 11, 2:34
TV: Islamic State re-enters ancient city of PalmyraWorld December 10, 21:20
Saudi minister says Russia led consultations process with OPECBusiness & Economy December 10, 20:41
UK foreign secretary says protection of civilians should be 'top priority' in SyriaWorld December 10, 20:31
Non-OPEC states join historic oil cut dealBusiness & Economy December 10, 20:23
MOSCOW, March 11. /ITAR-TASS/. Crimea’s economy is diversified, while small and medium-size business is developed in the autonomous republic, rector of the Russian Presidential Academy of National Economy Vladimir Mau told Itar-Tass.
Commenting on the economic situation in Crimea that is planning to hold a referendum on the accession to Russia on March 16, Mau said, “Tourism, energy, industry and agriculture are developed. Competitive lightships are produced.”
“Many residents of the peninsula are doing small and medium-size business,” the expert said, adding that “to a great extent, the business has not been registered.”
Small and medium-size business creates a good base to develop Crimea’s economy, that is why it is important to take steps towards developing it. “It is necessary to stimulate it,” the Russian expert said.
Mau noted several directions for further economic development of the autonomous republic - these are projects on producing hydrocarbons on the shelf and prospects for developing ports, primarily in Feodosia.
If residents vote for Crimea’s accession to Russia, it has to bear expenses on developing the autonomous republic’s infrastructure - to ensure water supplies to Crimea, the expert said.
“Funding will be indispensable for social welfare which standards are currently lower than in Russia,” Mau said.
“We can say Crimeans may leave for other Russian regions to find jobs. This will be the first factor of social stabilization in Crimea,” he said.
“Of course, political problems between Moscow and Kiev over Crimea will be based on economy. It is very important to separate politics and economy, people’s life and the states’ ambitions,” Mau said.