Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
Modernizing Foreign Ministry's public image was a challenge — Spokeswoman ZakharovaSociety & Culture August 18, 22:24
Russian Foreign Ministry Spokeswoman Zakharova says good cigar enough to bring down stressSociety & Culture August 18, 22:19
Diplomat says story about American neo-Nazi site in Russia became political show in USRussian Politics & Diplomacy August 18, 21:07
MOSCOW, March 13, /ITAR-TASS/. The Russian economy may get even more benefits from investing in Crimea’s tourism industry in the long term than into large-scale transport projects, rector of the National Research University - Higher School of Economics professor Yaroslav Kuzminov told Itar-Tass on Thursday.
He spoke of economic prospects of Crimea that plans to hold a referendum on accession to Russia on March 16.
Modernisation of Crimea’s travel industry requires heavy investments, Kuzminov says, adding that the source for such investments “can be only national savings that in any case should be retargeted from transport projects that have already been announced.”
“It is rather difficult to compare economic effects. Nevertheless, I would risk to say that Crimea is the best solution from the point of view of the long-term development of the Russian economy, even if we compare this with a big transport ring around Moscow or expansion of railroads in Siberia,” he said.
According to Kuzminov’s estimates, Russia’s middle class spends 27,4 billion US dollars per year for holidaying abroad.
“It is quite a reasonable task for 2020 to retarget the domestic effective demand for the Black Sea coast (Crimea and Sochi) just by 30% ,” he said, noting that “inevitable reduction of the rouble’s purchasing capacity will increase attractiveness of ‘domestic’ resorts, if they provide minimally acceptable quality of services.”
After the collapse of the Soviet Union the obvious place of Crimea in Ukraine’s economy and in Russia as a resort capable of accommodating 10 million travellers a year turned out to be non-demanded and was substituted by Mediterranean resorts, Kuzminov said. He named among reasons weakness of Ukraine’s economy, first of all of its budget and effective demand, and practically an absolute lack of property protection.