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South Ossetia intends to attract Russian investments

2011-08-12 17:41

South Ossetian President Eduard Kokoity told about conditions of the deployment of Russian investments in the republic - said the the IA Res.

"Leases of land in South Ossetia to Russian for investment projects will be granted for 99 years" - said the president.

"We hope to attract more investment and to start restoration of the national economy through cooperation with Russian businessmen, who will be granted to investors for a lease for 99 years. So far I have not voiced these plans, but there is no doubt that I'll be supported" - the president said at a meeting with members of the International Youth Forum "Iryston-2011".

It is also possible the republic's authorities will provide the vacant territory of the Cossacks who can organize their farms here and to protect the territory at the same time.

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