South Ossetia will participate in the XII International Investment Forum "Sochi- 2013", which is being held in the Black Sea resort September 26 - 29. The delegation of the Republic, led by President Leonid Tibilov is taking part in the forum for the third time. As the Minister for Economic Development of South Ossetia Zalina Khugati has said the news agency "Res", participation in such events opens great prospects for the future economic development of the Republic.
"At the forum will be presented our investment opportunities. Unlike last year, we will focus not only on one object, but we`ll present all the potential size of investments in industry, tourism, agricultural sector, manufacturing, based on the extraction and processing of raw materials , "- said the Minister, noting, that in every area there are objects of national importance.
Virtually all the presentation material will be submitted in electronic format.
"In the 3D format is planned to present the entire territory of our Republic, the information will display the investment potential of all districts of the Republic." Zalina Khugati has noted that currently a lot of work is being done for the investment attractiveness of South Ossetia.
"Today we can say with confidence that in the near future will be created the legal framework that will help to protect our potential investors from various risks of loss and non-return of funds. The projects that South Ossetia presented at the forum last year, despite the pre-existing agreements with the investor have not been implemented due to unresolved issues of private ownership of land, public- private partnership, the lack of legal framework.
Now, according to the minister, the situation must change, as have been elaborated legislative acts, is being improved the legal framework.
