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Ekaterina Yurchenko: "Crimea – is a priority national Ukrainian project"

The Autonomous Republic of Crimea is a unique region of Ukraine. Its development is determined by the President as a priority national Ukrainian project. This was stated by Deputy Chairman of the Council of Ministers of the ARC - Minister of Economic Development and Trade of the ARC, Ekaterina Yurchenko on the V Vienna Financial and Economic Forum of the CIS and Eastern Europe countries in Vienna (Austria).

Speaking at the forum, Vice-Premier noted that for the first time in twenty years Crimea gained a political stability, which allowed starting a consistent and comprehensive solution of socio-economic problems that have accumulated in the republic during the years of Ukrainian independence.

Today Crimea is one of the most dynamically developing regions of Ukraine and the Government makes every effort to preserve and improve development dynamics of the peninsula. Thus, in the 1 half of 2011 the autonomy ranked second place among the regions of Ukraine on foreign capital inflow. At the beginning of July this year, about 750 million euros of foreign investment have been working in the national economy in total.

Ekaterina Yurchenko stressed that the government also invests considerable resources in development of Crimea and their value increases every year. This year over 220 million euros will be allocated to the republic from the state budget. It will be directed to social protection of population, capital expenditures and financing of various benefits.

As Deputy Prime Minister said, the main component of a stable political and economic situation on the peninsula is adoption of the “Strategy for development of Crimea until 2020” last year. "The strategy – is a kind of "road map", which reflects a potential of the region and prospect development directions. Taking into account a regional specificity, the Strategy determines development of Crimea on five main cluster priorities. Implementation of these priorities will allow the republic becoming one of macro growth points of the Black Sea in 2020"- said Ekaterina Yurchenko.

Within implementation of the Strategy the gross regional product of Crimea in comparison with 2010 will increase in 1.8 times, annual income of foreign direct investment - in 3 times, investments in fixed assets - in 3.8 times, labour productivity - in 1.8 times, nominal wages - in 5.3 times.

As Ekaterina Yurchenko noted, the priority of the Government of Crimea is creation of favourable environment for investors, ensuring security and return of investment. To this end, a package of legislative initiatives was developed. For the first time a practice of public sale of land at auctions was introduced, the Interactive investment map of autonomy was developed.

Another important factor in attracting investors and business development in Crimea is opening of the Agency for Regional Development of the ARC and the Unified permitting centers in all regions of the republic.

In her speech Deputy Prime Minister presented to forum participants investment projects proposed for implementation in Crimea: creation of systems for solid waste treatment, development of the Western Crimea, reconstruction of the international airport "Simferopol", construction of the complex "Yalta port", transfer of Evpatoria port to Lake Donuzlav, construction of transport crossing through the Strait of Kerch, construction of grain elevators, fruit-and vegetable stores and factories for baby food production, etc.

"I am sure that today's forum will give new impetus to active development of relations. The Autonomous Republic of Crimea is open for mutually beneficial cooperation. And from the Crimean government side, we create all necessary conditions for this"- summarized Ekaterina Yurchenko.