MEDT predicts the development of the republic in the coming years
In February, the Ministry of Economic Development and Trade (MEDT) of Chechnya published its forecast for the socio-economic development of Chechnya. The projected plans are expected to be supported through an increased growth of investment attractiveness, efficient use of natural-resource potential, diversification of the economy in favor of manufacturing and high technology industries, improvement of products’ competitiveness, implementation of major infrastructure projects, creation of an optimal structure for agricultural production, food security and an increase in the contribution of small business to the economy.
Industry. The federal program "Social and Economic Development inChechnya for 2008-2011" provides for the development and reconstruction of 18 facilities of the construction industry by the end of 2012.
According to the forecast of the MEDT, industrial output in Chechnya will amount to 30 billion rubles by the end of 2013, and will increase 1.8 times in comparison with the corresponding figure in 2009.
Agriculture. The “National Program of Agricultural Development and Regulation of Agricultural Markets” is aimed at solving problems of the agricultural sector and regulating the market for raw materials and food for the period 2008-2012, as well as the implementation of the priority national project "Development of Agriculture."
The federal target program "Socio-economic Development of the Chechen Republic for 2008-2011" provides for the construction of livestock farms, putting farmland complexes into circulation due to land reclamation and restoration and reclamation of the system of raw material zones for the restoration of power processing plants. As a result of the reclamation, 11 thousand hectares of fertile land in the foothills of Chechnya are expected to be put into agricultural use.
Timmur Utsaev, Grozny. Exclusively for VK
