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Crimea perfect platform to fulfil Russian economic tasks - ombudsman

March 18, 2014, 1:45 UTC+3 MOSCOW
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MOSCOW, March 18, /ITAR-TASS/. Economic goals that have long remained unrealized in Russia can be fulfilled in Crimea, believes Presidential Commissioner for Entrepreneurs’ Rights Boris Titov.

The business ombudsman believes Crimea is an ideal platform - compact, with definite borders, a wonderful climate and, importantly, with no oil.

“And this platform is perfect for us to take risks, bypass the dogmas of our monetarists, realize an economic programme aimed at development, not stabilization,” said Titov.

According to Titov, the region’s key sectors are tourism, agriculture, ports and communications as well as production development for internal demand. The main impetus for a real economic spurt, Titov believes, would be bringing small business, whose share in some of the sectors in Crimea reaches 80 percent, out of the shadow.

“This will yield considerable economic growth - a serious economic spurt in Crimea can occur on the basis of freedom, entrepreneurial initiative, well-considered poised industrial policy, and adaptation of cutting-edge technologies,” believes Titov. Although Russia’s main challenge now is the need “to manage everything without Western investments, economic policy that provides right stimuli can work wonders”.

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