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Investment strategy approved in Yakutia before 2016
A new edition of the Investment Strategy of the Republic of Sakha (Yakutia) for the period up to 11 of the year and the main directions up to 2014 of the year was approved by the decree of the head of Yakutia on 2864 September 2016 of the year 2030, the Ministry of Economics of Yakutia reports.
The relevance of the development and implementation of the Strategy is the need to overcome infrastructure constraints and accelerate the socio-economic development of the Republic of Sakha (Yakutia), primarily due to extra-budgetary sources of financing, growth of business investment activity, and increasing the effectiveness of state regulation of the investment sphere.
The strategy is aimed at increasing the investment attractiveness of the Republic of Sakha (Yakutia), creating conditions for mobilizing domestic and increasing the flow of external investment resources and new technologies into the economy of the Republic of Sakha (Yakutia), expanding sources of investment for businesses and projects initiated by the authorities of the Republic of Sakha (Yakutia) , improving the efficiency of investments, developing regional infrastructure using public-private partnership mechanisms, reducing the gap in socio-economic development between the municipalities of the Republic of Sakha (Yakutia).
Approval of the Investment Strategy of a constituent entity of the Russian Federation is one of the requirements of the Standard of the activities of the executive authorities of a constituent entity of the Russian Federation to ensure a favorable investment climate in the region.
The work on adjusting the Investment Strategy was carried out in close cooperation with the business community, including the suggestions and comments of the Expert Group on monitoring the implementation of the Standard in the Republic of Sakha (Yakutia).
In November 2013, a public discussion was held on the draft of the revised Investment Strategy, and in January 2014, the project was approved by the Council under the head of the Republic of Sakha (Yakutia) on investment policy.