Nalchik, Kabardino-Balkaria, November 7, 2014. Russian Prime Minister Dmitry Medvedev held a meeting of the Government Commission on socio-economic development of the North Caucasus Federal District, reports the press service of Daghestani Head and government’s administration.
The meeting brought together Minister of Agriculture Nikolai Fiodorov, Minister of Transport Maxim Sokolov, Minister of North Caucasus Affairs Lev Kuznetsov, Russian Presidential Envoy in the North Caucasus Federal District Sergei Melikov, Russian cabinet members, and heads of NCFD regions including Daghestani Head.
The discussion was about NCFD regions’ contribution prospects in import substitution, and government guarantees of supporting investment projects in the district.
Anticipating the work of the committee, Dmitry Medvedev noted that the district’s existing high import substitution potential in manufacturing and agriculture can play a significant role in fulfilling the so-called "road maps" in this area, it can increase the district’s own economic opportunities, and boost employment.
The Russian Prime Minister pointed out that business can count on state support in implementing promising projects. To support active companies, the government provides a special kind of state guarantees for loans taken for implementing the promising projects. It is about import substitution and the other strategic directions of North Caucasus’ economic development including the establishment of the tourism cluster.
At the meeting, Daghestani Head Ramazan Abdulatipov rose issues like government guarantees for increasing the republic’s investment attractiveness, developing industrial production, including electric power, development of natural resources, competitive production, oil production in the Caspian Sea, and others.