"Investor's Hour": A tool for the operational solution of business problems

This was stated by the Minister of Economic Development of the Republic of Crimea Dmitry Sheryako during the "Investor’s Hour" at the Crimea Development Corporation.  Director General of the Corporation Daniil Pidaev took part in the work. The issues of the implementation of twelve investment projects related to the development of the tourism potential of the republic, the cultivation of orchards, the production of food products and others were considered. "The current political situation, of course, has affected the work of business. We see that investors are facing problems, but the situation is already changing for the better, and together we are effectively solving the problems that have arisen," Dmitry Sheryako said. According to him, the "Investor’s Hour", which takes place twice a month at the Crimea Development Corporation, it allows investors to receive support at all stages of the project. Daniil Pidaev noted that today the main problems that investors are turning to the Crimea Development Corporation are related to bureaucratic obstacles, higher prices for equipment and components necessary for work, changing logistics routes, questions about state support measures in modern conditions. "Due to the Investor's Hour, we keep abreast of the process of attracting investment to Crimea, evaluate the quality of managers' work with business, understand what problems investors face in the process of project implementation and, accordingly, we can quickly find a solution," Daniil Pidaev stressed. Among the projects considered is the construction of sewage treatment plants and biopond at the enterprise in Simferopol district. In addition, the business has been negotiating with potential partners from European countries and is currently considering import substitution options due to the political situation.
Dmitry Sheryako recommended paying attention to the products of domestic manufacturers and Chinese partners. The investor also received detailed information about state support measures. For each question voiced by investors, the Corporation's project managers gave a detailed consultation. "Investor's Hour" is a new format of work on investment projects in the Republic of Crimea, created on the initiative of the Head of the Republic of Crimea Sergey Aksyonov. Its participants: management and representatives of relevant ministries, Development corporations, municipalities, infrastructure organizations and businesses. The format of the work is designed to strengthen partnership relations between the republic and business.