Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

10 SEZ Will Be Closed
June 16, 2016 11:59


By the order of the President the creation of new special economic zones (SEZ) in Russia stops, at the same time 10 sites will be closed, and all other working zones will be given to the regions. This was written by “Kommersant” on Thursday, June 9 with a reference to inter-departmental correspondence. Such a reaction of the Kremlin was caused by the report of the Head of Control Directorate of the President Konstantin Chuichenko.

It states that 186 billion roubles have been spent on 33 special economic zones since 2006, 24 billion of them have not been used, and tax and customs payments from these zones amounted to 40 billion roubles during this period. In early April the Ministry of Finance outlined the conditions under which it was ready to allocate money for the development of regions. Thus, subjects will be able to receive compensation of the cost of infrastructure creation of only successful special economic zones, in particular, of those where the volume of private investment was at least three times higher than the size of budget injections.

The checks of special economic zones that led to presidential orders have been caused by complaints of the activists of the Popular Front to the President in November 2015. The state auditors questioned all the history of existence of special economic zones, for this purpose a total of 18 thousand jobs were created with the expenditures of more than 10 million roubles for one job.

The April report of the Accounting Chamber (AC) expressed the need to improve the mechanism of creation, development and management of special economic zones, including the requirements to feasibility of creation, earning capacity, profitability and payback period. According to the data of AC, the regions apply for too large territories and do not have time to develop them.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Salaries Of Russian Top-Managers Novaya Gazeta Named a Possible Organizer Of the Murder Of Nemtsov Public Opinion On Russian Crisis YUKOS Case Voinovich Urges Putin To Release Savchenko

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Concerts in St. Petersburg  Transportation  Boris Grebenshchikov  Moscow  Mercedes-Benz Fashion Week   Crimea  Sylvester Shchedrin  Nikolai Batalov  Printed Goods  Archeology  Russian circus  Russian Cinema  Russian business  Edgard Zapashny  Russian airports  business  Baikal Race  Alexey Kudrin  Russian fans  Andrey Krupinin  All-Russian Festival Of Military History Clubs  Russian history  Nikolay Fomenko  Russian tourism  Painting  Mikhail Chumakov  ROSCOSMOS  Moscow planetarium  Diane Arbus  Svetlogorsk   Mercedes-Benz Fashion Week Russia  Cat The Traveler   Republic of Buryatia  the Bolshoi Theatre  Russian opera singers  Street Art  Russia international  Russian law  Russian Literature  Fist Fights  Architecture Monuments  Metro Gallery  Exhibitions in Moscow  Russian regions  Open-Air Festivals  aircraft  The Year of Russian Culture  oil price  Museums of Russia  holidays in Russia 

Travel Blogs
Top Traveling Sites