Crimean Special Economic Zone approved to attract investment

Crimean Special Economic Zone: The Russian Cabinet yesterday approved the establishment of a free economic zone in Crimea to attract investors who will be eligible for tax breaks lasting up to 10 years. Administrative barriers are also to be lowered for business start-ups and the government is planning to pump around $1.6bn plus a further $1.2bn on an annual basis to develop its energy and transport infrastructures and its healthcare and educational systems, making Crimea Russia’s most highly subsidised region. The Moscow Times