Advanced Search
MyIDEAS: Login

North Caucasus in 2012: Results and Risks

Contents:

Author Info

  • Irina Starodubrovskaya

    (Gaidar Institute for Economic Policy)

Abstract

In December 2012, the Russian government adopted the "Programme for the Development of the North Caucasus Federal District (NCFD) up to 2025" (hereinafter referred to as the Programme). The total funding up to 2020 was approved at a level of 2.55 trillion RUR, and it was determined that the state budget would provide 10% of the funds, while 90% should be made up from investor funds. Note that this proportion is roughly consistent with the principle of distribution of budgetary and non-budgetary finance adopted earlier for some of the projects implemented under the Programme. Thus, of the total costs of holiday resort construction projects in the North Caucasus, 60 billion rubles out of 510 billion rubles will be financed from the budget (through the project operator: Resorts of the North Caucasus JSC (with a 98% stake owned by the Government of the Russian Federation). The State has systematically demonstrated its goal to ensure the economic development of the North Caucasus mostly through investors. They are granted tax benefits, if they register in the new special economic zones (SEZ) created in the North Caucasus, as well as government guarantees on loans grant-ed on an individual competitive basis.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.iep.ru/files/RePEc/gai/ppaper/156Starodubrovskaya.pdf
File Function: Revised version, 2013
Download Restriction: no

Bibliographic Info

Paper provided by Gaidar Institute for Economic Policy in its series Published Papers with number 156.

as in new window
Length: 20 pages
Date of creation: 2013
Date of revision: 2013
Publication status: Published Paper Series
Handle: RePEc:gai:ppaper:156

Contact details of provider:
Postal: Gazetny lane 5, 125993, Moscow
Phone: (495) 629-6413
Fax: (495) 203-8816
Email:
Web page: http://www.iep.ru/
More information through EDIRC

Related research

Keywords: North Caucasus; investment; local communities; Dagestan Republic;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:gai:ppaper:156. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Hugues).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.