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Magadan will remain in the Special Economic Zone
The special economic zone (SEZ) regime for the Magadan region has been extended to 2025. This was stated by the regional governor Vladimir Pecheny at a meeting on the functioning of the SEZ.
The regional authorities have already begun to develop new criteria for the selection of residents and a set of measures to attract investors and implement new investment projects in the region. According to the governor, already in 2015, the territory expects to create additional conditions for attracting investors and provide benefits to entrepreneurs who create new industries and jobs.
In addition, the regional government proposes to expand the boundaries of the Special Economic Zone to the entire Magadan region, since the largest investment projects in the region are located outside of Magadan.