Chechnya: economic review - 1

Chechnya: economic review - 1

New projects, new work places

An enlarged meeting of the working group on propositions to be included in the strategy for the social and economical development of the North Caucasus Federal District has taken place in Grozny. The chairman of the working group, the finance minister of Chechnya, said the main task on the first stage is to carry out an integrated analysis of the existing economic potential of the republic. For this it is necessary to attract a number of scientific experts, and to create effective projects, the realization of which will create new jobs and will favor the forming of a flexible stable business environment, the development of agro-industrial and industrial potentials, guaranteeing investment attractiveness, as well effective use and development of the transport and energetic infrastructure in the territory of Chechnya.

Struggle against illegal migrants Spot checks on the legality of migrants' residence took place in Chechnya. During the operation, several dozen foreign and stateless citizens who had violated the migration law were arrested. Georgian, Uzbek and Vietnamese nationals were deported and fined. Housing under the national project "Housing" the republic's target programme "Provision for accommodation for young families" for 2006-2010 is being carried out.  Almost 450 families have been approved for social payments. A list of the programme's participants has been made and sent to the Regional Development Ministry of Russia. An application for federal funds for Chechnya will also be made. Villagers complain about the military

The inhabitants of mountain villages complain that mountain roads are being destroyed as a result of the movement of military vehicles and weaponry. "We will resolve this problem together with military officers of the unit stationed in the village of Borzoi, in the Shatoyski district", Chechen President Ramzan Kadyrov said.

Grozny ready for international flights

The interdepartmental commission of the Federal National Border Construction Agency signed an act on the opening of an air cargo-and-passenger checkpoint in Grozny airport. The commission checked the conformity of the checkpoint with the requirements of the construction, equipment and technique of the buildings, premises and installations necessary to organize border, customs and other control at the checkpoints of the Russian Federation. The first flights will be to the countries in the Middle East and Central Asia.
Investment portfolio of Chechnya

investment projects) in the sphere of industry and energy. TheThe realization of investment projects developed and approved by the republic's government will create more than 23,000 jobs in the region, the Economy and Trade Ministry of the republic of Chechnya reports. Specialists say that the republic proposes 41 projects for investment. Industry, energy, agro-industrial complex and tourism are priority directions in the development of the republic. 10 projects are being analyzed by Russian key banks and stock-companies for future realization. The largest part of the investment portfolio (150 billion rubles) is propositions (17 investment projects) in the sphere of industry and energy. The realization of them will provide more than 16,500 jobs.

Danish and American donors in Grozny

US embassy workers visited Chechnya. The delegation arrived in the republic from Moscow to monitor the humanitarian projects financed by the US government and meet with the representatives of the government and some ministries of the republic of Chechnya. The US Bureau of Population, Refugees and Migration (BPRM) became a donor of the humanitarian organizations the Danish refugee council, International Rescue committee (USA) and International Medical Corps (USA).

300,000 roubles for best business project

A competition for the best business project among young people has been announced in the republic of Chechnya. It is being realized as a part of the programme "Youth business school". The Youth Committee of the government of the republic reports that this year grants total 300,000 rubles. The money will go the authors of 15 best business
projects. Participants cab be from 18 to 35 years old.


Timur Utsayev, Grozny. Exclusively for VK.

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