Adygea plans to attract investments in the amount of $480 million by 2022

Murat Kumpilov - Photo provided by the press service of the head of the Republic of Adygea

 

Adygea plans to attract investments totaling more than 36 billion rubles ($480 million) in 2022, head of the republic Murat Kumpilov said in an interview with Interfax.

According to him, industry, energy, agriculture and tourism are among the priority areas for the development of Adygea.

"A climate favorable for investors and a flexible regulatory framework have been created in the republic. More and more attention is being paid to tax incentives in order to make them substantial, stable and profitable," Kumpilov said.

He noted that in order to reduce administrative barriers to the implementation of investment projects in the republic, a system of their support is used on the principle of "one window". ("One Window" is a systematic approach to free support of investment projects from the stage of idea to the implementation of the project).

The full text of the interview with Kumpilov is available at : interfax-russia.ru (Russian language).