The number of new investment agreements in 2020 exceeded last year's figures

The number of new investment agreements in 2020 exceeded last year's figures despite the difficult situation associated with the coronavirus pandemic.

This was announced by Deputy Chairman of the Council of Ministers of the Republic of Crimea – Minister of Finance of the Republic of Crimea Irina Kiviko.

"Against the background of the coronavirus pandemic in 2020, the pace of work did not decrease despite the difficult situation, Crimea managed to even exceed the indicators of 2019.
If last year at the Investment Council we concluded and approved 22 investment agreements for a total of almost 3.9 billion rubles, then this year it is 28 agreements for the amount of about 4 billion rubles and the creation of 805 jobs. As last year, in 2020, more than 170 potential investors applied for the selection of an investment site," said Deputy Prime Minister.

Irina Kiviko emphasized that investors prefer to invest in projects in the fields of industry, agriculture, trade and services, resorts and tourism. "Along with investment in asphalt plants, shopping centers, gas stations, residential complexes and microdistricts, businessmen also chose the tourist and recreational industry. For example, in Alushta, we will have tourist routes designed for therapeutic walking, with a total investment of 59 million rubles. Against the background of coronavirus infection, such projects are very relevant and in demand, and the Crimean nature with its mild climate, coniferous forests and sea air contributes to this," said Irina Kiviko.

The Deputy Chairman also named major projects that will soon appear on the Peninsula.
This is the construction of gas stations in Leninsky district and Sudak. The amount of investment for the first project is 220 million rubles and 120 million rubles for the second. In addition, a multifunctional roadside service zone with infrastructure facilities will appear in Simferopol district.
Investor will invest 140 million rubles in the project.

In addition, another large-scale project worth 371.5 million rubles to create a high-tech infrastructure for industrial cultivation of hydrobionts will appear in Chernomorsky region.
Investors will also build several residential complexes in Yalta, Kerch, Yevpatoria and Simferopol.
The declared volume of investment in these projects will amount to 1.8 billion rubles.


"Another interesting project will be implemented in the field of agriculture.


The investor will invest 467 million rubles in the project to preserve the enterprise of Alushta essential-oil state farm plant. It is planned to lay new fields of essential oil crops, purchase equipment and build new workshops. The investor also plans to organize excursions to the production during the flowering of roses, lavender, rosemary, " said Irina Kiviko.

The Deputy Prime Minister added that in 2020 there were also projects with investors of which the Republic terminated agreements.

"This is due to non-compliance with the terms of investment agreements. We have 14 such projects, " said Irina Kiviko.

Reference: The project is developing by Crimea Development Corporation.  Specialists advise, select investment sites, help to draw up documents correctly, adjusts the feasibility study, edit business plans.