$500 million to be invested in Crimea’s free economic zone

The international economic forum entitled “Crimea is the territory of new solutions” has been held near the Russian seaport of Yalta of late. In addition to representatives of Russian engineering, metallurgical, IT and telecommunication companies, more than 30 foreign businessmen participated in the event.

According to Andrei Nazarov, co-chairman of the organizing committee of the forum, volume of investments to be made by interested businessmen is expected to reach about $500 million within the next 12 months. The forum resulted in signing of five agreements. Plans are in hand to attract investments in a Crimea’s free economic zone.