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Closed Territory Big Stone in Primorye will open for foreign investment
The Governor of the Primorsky Territory Vladimir Miklushevsky announced on June 4 at the Big Meeting that he had reached an agreement with Deputy Prime Minister Dmitry Rogozin to open the closed territory of Bolshoi Kamen for foreign investors.
The territory may lose the status of a closed administrative-territorial entity and, at the same time, federal funding. “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, ”the governor explained.
Miklushevsky also said that he had agreed with Rogozin on preserving tax receipts from the federal budget for the CATF Bolshoi Kamen for five years. After the expiration of the term, falling revenues should be compensated by the income from the business.