Monday, 28 March 2022 06:50

THE NEW INVESTMENT PROGRAM WILL BE FORMED ON RECOMMENDATIONS OF THE MINISTRY OF ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

Sukhum. March 15, 2022. Apsnypress. President Aslan Bzhaniya held a working meeting dedicated to the results of the working visit of the Russian delegation to Abkhazia, headed by Deputy Minister of Economic Development of the Russian Federation Dmitry Volvach, The Press Service of the President reports.

The meeting was attended by Vice President Badra Gunba, Prime Minister Alexander Ankvab, Head of the Presidential Office Alkhas Kvitsinia, Deputy Head of the Presidential Administration Valery Papba, First Deputy Prime Minister Beslan Dzhopua, Deputy Prime Minister, Minister of Economy Kristina Ozgan, Deputy Prime Minister, Minister of Finance Vladimir Delba, members of the government, the management of Chernomorenergo and the Capital Construction Department.

Members of the government reported on the results of consultations, as well as on decisions worked out jointly with the delegation of the Ministry of Economic Development of the Russian Federation.

Aslan Bzhaniya outlined a number of issues related to development of financial assistance from the Russian Federation and implementation of the Investment Program.

It was noted that the formation of a new Investment Program is planned taking into account the approaches worked out jointly with the Ministry of Economic Development of Russia.

President drew the attention of government members to importance of timely development of the limits of the Investment Program objects financing.

Based on the decisions taken earlier during the working trip of President Aslan Bzhaniya to Moscow, the new "Investment Program for the Promotion of Social and Economic Development of the Republic of Abkhazia for 2023-2025" includes:

increasing the wages of public sector employees;

implementation of budget investments and support of investment activities within the framework of the Investment Program;

support for the system of lending to small businesses;

support for projects in the field of agriculture and industry;

implementation of the concessional lending program;

creation of a tax administration system;

creation of a tax administration system using cadastral valuation.

Other topical issues were also discussed at the meeting.

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