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Big Stone in Primorye lost ZATO status

Russian President Vladimir Putin signed a decree on the abolition of the closed administrative-territorial entity - the city of Bolshoy Kamen of the Primorsky Territory, the press service of the Primorsky government reports.

According to the Decree, the status of ZATOs from Bolshoy Kamen will be removed 1 January 2015. The President instructed the Government of the Russian Federation, together with the Administration of the Primorsky Territory, in the 6 month period to carry out the necessary organizational measures related to the abolition of CATFs.

Also, according to the Decree, Primorye will be allocated interbudgetary transfers to ensure the balance of the budget of the Great Stone. In 2015 year - 340,6 million rubles, in 2016 - 328,6 million, in 2017 - 328 million rubles.

The agreement on the change in the status of the ZATO was reached during a meeting between Governor Vladimir Miklushevsky and Deputy Prime Minister Dmitry Rogozin.

“The ZATO status introduces serious restrictions for foreign investors, which hinders the implementation of large projects. Removal of the regime will make it possible to effectively develop business, ”says Vladimir Miklushevsky. A shipyard is already under construction here, and the implementation of this project should become the basis for the development of the investment potential of the territory.

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