Russian parliament presents first initiative for young businessmen in North Caucasus

The Russian parliament has presented the first initiative for the North Caucasus “North Caucasus 2.0.: a territory of growth” within the framework of the 4th annual conference of the Association of Young Entrepreneurs of Russia.
The project is aimed at boosting small and medium-sized business in the region, transfer of successful business decisions from the Caucasus to other regions and the establishment of joint groups for realization of business projects in the North-Caucasian Federal District (NCFD).
The project was presented by the working group of the association for the North Caucasus, Olga Kutsenko. The goals are to search for the most likely projects for realization in Russia, building up youth teams for joint realization of the projects and the promotion of young businessmen in the NCFD.
The main criterion for selection of projects is integration into the infrastructure projects realized by the Corporation for Development of the North Caucasus and the Resorts of the North Caucasus. Authors of the best projects will be invited to Mashuk to present them to potential investors and officials from the presidential office in the NCFD and the Russian Ministry of Regional Development.

A bank of over 100 business projects is planned to be formed by late June. There are already projects available in construction, design, tourism, exhibition activities and media. Colleagues arrived from over 10 regions, including Kaliningrad and Vladivostok, Kutsenko said.


The Association of Young Entrepreneurs of Russia is one of the largest organizations in the country, consisting of over 3000 businessmen aged under 35 from over 40 regions. Its website is www.molpred.com .


The working group for the NCFD was established in January 2011. Its goals are the coordination of of the association's regional offices in the North Caucasus, the opening of new offices and support for young businesses in the region. The group is headed by Olga Kutsenko, supervisor of the Marketing Innovations project at the Russian Marketologists’ Union and managing partner of the BDG Group.

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