Minkavkaza to allocate funds for investment projects in South Ossetia

Minkavkaza to allocate funds for investment projects in South Ossetia

About 400 million rubles in assistance for Russia are provided in 2016 to support investment projects in the real sector of the economy for South Ossetia, the Russian Deputy Minister for the North Caucasus, Andrei Reznikov, said today following a meeting in Tskhinvali.

‘’The main approaches on measures to support investment projects in the real sector of economy of the Republic of South Ossetia were discussed during the meeting. As part of the investment program of the financial assistance to South Ossetia for the first time this year the measures of support provided in the amount of 400 million rubles. Given the limited resources of the Government of the Republic it is necessary to define priorities, which will give the maximum economic benefits for the area,’’ TASS quotes Reznikov as saying.

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