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Russian premier to chair conference over Far East development

MOSCOW, March 20, /ITAR-TASS/. Russian Prime Minister Dmitry Medvedev will chair a conference on Thursday over the development of the Far East.

Conference participants will discuss the federal bill on territories of advanced socio-economic development and state support measures for regions of the Far East.

Advanced socio-economic development territories are areas in Russian provinces with special rules for business, the press service of the Russian government said. The bill spells out the conditions and the establishment procedure for such territories. They will be created by Russian government’s decision on the basis of proposals by authorized federal body.

The territories will enjoy special regime of land use, lower rent pay, tax incentives, as well as special regimes of state and municipal control. Other incentives include cuts in the cost for connection to infrastructure facilities, such power grid, use of customs procedures effective in free economic zones and simplified procedures for hiring skilled foreign labor.

Taking part in the conference will be Deputy Prime Minister - presidential representative in the Far Eastern Federal District Yuri Trutnev, Minister of Far East Development Alexander Galushka, Regional Development Minister Igor Slyunyayev, Finance Minister Anton Siluanov, Economic Development Minister Alexei Ulyukayev, Minister of Natural Resources and Ecology Sergey Donskoi, Minister of Industry and Trade Alexander Novak, Public Health Minister Veronika Skvortsova, Transport Minister Maxim Sokolov, Labor and Social Protection Minister Maxim Topilin, Agriculture Minister Nikolai Fyodorov and Minister for Liason with Open Government Mikhail Abyzov.

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