19 June 2010, 14:00
Khloponin: Northern Caucasus has no barriers to investors
Alexander Khloponin, Plenipotentiary of Russian President in the North-Caucasian Federal District (NCFD), believes that the situation with safety in the Caucasus has already been "reversed", while the authorities are able to remove the administrative barriers, which hamper to implement investment projects.
"I think that safety issues are rather efficiently addressed, although media report, from time to time, about terror acts and other negative phenomena. Nevertheless, I can tell you, I think, we managed to turn the tide of events," Mr Khloponin said in St Petersburg at the international economic forum.
By granting certain privileges and preferences, he believes, Russia "will have a plenty of investors in the Caucasus, not only from Russia, but from abroad," as the "Vesti" quote him.
The "Interfax" reports with reference to Mr Khloponin that two international banks have already expressed their intention to be investors into North-Caucasian resorts.
