Far East | Finance, business

Yakutia’s jewelry and tourist SEZ announced

19 Jan '10
Yakutia has plans to establish two new special economic zones (SEZ) to produce jewelry and develop tourism, RIA Novosti reports, citing a source in the regional government.

The decision has been reportedly prompted by Russia’s new legislative initiative, which President Medvedev recently signed into law, that lowers from $15m to $4.5m a minimal ‘entry fee’ for a company to become a SEZ resident.

Investment in the prospective economic zones has yet to be specified.
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