Ceasefire agreements signed with 15 more Syrian settlements — Russian Defense MinistryWorld October 22, 0:39
Russian State Duma speaker confirms readiness to meet PACE presidentRussian Politics & Diplomacy October 22, 0:15
Ukraine’s new anti-Russian sanctions to take effect on October 31World October 21, 21:22
Kremlin says Egypt’s rumored sale of Mistrals for $1 is ‘utter nonsense’Russian Politics & Diplomacy October 21, 21:13
Source: Mi-8 helicopter with 22 people onboard makes crash landing in YamalSociety & Culture October 21, 20:15
Source says 'Gray money' tax may cover up to 5 mln RussiansBusiness & Economy October 21, 20:07
UN Human Rights Council passes resolution on AleppoWorld October 21, 19:52
Russian Justice Ministry refuses to transfer jailed filmmaker to UkraineRussian Politics & Diplomacy October 21, 19:44
Brussels says Belgium’s position on Hassadjek village bombing remains unchangedWorld October 21, 19:30
MOSCOW, October 15. /TASS/. Russian Prime Minister Dmitry Medvedev will chair a session on Wednesday on a special economic zone in Crimea, the government press service reports.
The session will look into bills drafted by the Ministry of Crimean Affairs, amendments to the Russian Tax Code and some other legislative acts as a new federal law on a special economic zone is under way.
The aim of this activity is to attract investment, develop transport and other infrastructure, tourism, agriculture and Crimea’s resort zone, government sources said.
Besides, the bills “envisage the creation of more favorable, than generally established in the Russian Federation, conditions for certain types of entrepreneurship and other economic activity through the introduction of special legal treatment” in Crimea, they said.
The Crimean leader Sergey Aksyonov believes a special economic zone should be operating for 25-50 years “so that business could see a long-term prospect.”
It is expected that the special economic regime will include a lower income tax, a lower value-added tax, as well as the cancellation of import VAT. Aksyonov believes these benefits should apply to the tourism sector, agriculture, industry and construction sector of the republic.
Aksyonov said regional experts also proposed setting up a Crimean investment agency to attract investors, deal with investment projects and organize a regular Black Sea economic forum on the peninsula.
He said Crimea’s authorities were looking at creating a kind of a Crimean Silicon Valley in the territory of the peninsula. “I am sure we must look at a possible establishment of a sort of Silicon Valley that would host advanced communications and microelectronics facilities, and a Crimean technology park… For these ends, it would be expedient to consider setting up a Crimean branch of the Russian Academy of Sciences,” he said.