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Israeli investors arrive in Crimea to assess venues for future investment projects

October 28, 2016, 17:26 UTC+3 SIMFEROPOL

The Italian, Greek, Chinese, German and Bulgarian investors are among those taking special interest in Crimea

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© Vladimir Smirnov/TASS

SIMFEROPOL, October 28. /TASS/. A group of Israeli investors has arrived in Crimea to study local investment venues in order to implement their investment projects, the regional Ministry for Economic Development said in a statement, later Minister Valentin Demidov met with the delegation members.

"The meeting’s participants discussed opportunities for establishing business ties and implementing investment projects in the Republic of Crimea as well as introducing new technologies to the region’s agribusiness," the ministry’s statement reads. However, the ministry did not name any companies whose representatives are on a visit to Crimea citing the sanctions against the Peninsula.

The statement also said that the Israeli businessmen and the Crimean authorities "noted the mutual interest in the further joint work." That said, in the near future the "Development Corporation of the Republic of Crimea" that supervises all the investment projects in the region, will chose a plot of land suitable for the potential investors.

Earlier TASS reported quoting the Corporation head Oleg Morozov, that despite sanctions, foreign companies were taking great interest in the Crimean investment venues but for now they were only visiting the Republic to assess the territory’s investment potential. Minister for Economic Development Demidov in turn stated that the Italians, Greeks, Chinese, Germans and Bulgarians were among those foreign investors who took special interest in Crimea but the regional authorities hadn’t yet clinched any agreements on direct investments with foreign companies.

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