Scientific conference "The Republic of South Osetia: Search for Sources of Economic Development" finished in Tskhinval. The Conference resulted in agreements between the Governments of the RF and RSO on promotion and mutual protection of investments and establishment of trade delegations to the states. At the Conference, the Ministry for the Economic Development of South Ossetia and Ministry of Energy of the RF signed a Memorandum of Understanding on cooperation in the sector of energy supply. The sides have also signed a joint 2010 Action Plan in the sector of tourism. The Ministry of Education, Science and Youth Policy and Federal Agency for Education of the RF signed a protocol of intentions on further development of cooperation in the filed of education.
According to the Minister for Economic Development of SO Alexander Zhmailo, the agreement on opening of trade delegations in Russian and South Ossetia and the accords on promotion and mutual protection of investments were the most important.
"These are the grounds for bilateral economic cooperation and creation of favorable investment environment. It creates the basis for Russian investor, when stepping in, would be confident that it is safe and secured", said Zhmailo.
