The delegation of the Karachay-Cherkessia is taking part in an international economic forum in Sochi

The delegation of the Karachay-Cherkessia, which was headed by Head of the republic Rashid Temrezov, takes part in the International Economic Forum in Sochi. The delegation included the Speaker of Parliament, Alexander Ivanov, a member of the Federation Council of the Karachay-Cherkessia Salpagarov Ahmad, Deputy Prime Minister Sergei Smorodin, Cherkessk Mayor Ruslan Tambiev and Minister of Economic Development of the Republic Lyudmila Kunizheva.

Investment forum in Sochi, which this year is held under the slogan "Investments - a way of development of the Russian economy", is a permanent modern place for constructive dialogue between business and government, exchanging experiences and opinions, which are necessary to attract investors to the economy of all countries. This year it was visited by 9050 people. The forum will be attended by 208 representatives from 40 countries. The most numerous foreign delegations from Britain, Germany, France, Kazakhstan, Abkhazia and Ukraine.

Head of Karachay-Cherkessia Rashid Temrezov take part in the plenary session of the "Back to growth. The medium-term strategy for Russia ", which will Russian Prime Minister Dmitry Medvedev. The main areas discussed in this year will be: the pulse of the economy, public administration, industry, economy, infrastructure, investment, finance, people and society, regions, international cooperation.

During the forum, head of Karachay-Cherkessia Rashid Termez sign four cooperation memorandum on the implementation of investment projects.

The first - for the construction of a glass factory for the production of medical glass "KCR-MEDPRO" on the territory of the Republic of Karachay-Cherkessia. As a result of the project is planned to build a plant for the production of a full cycle of medical glass of the first hydrolytic class, used in the production of ampoules and vials for sterile drugs.

The total amount of tax revenue after reaching its design capacity will reach 960.0 mln. Rubles per year. The initiator of the project is the company "Megapolis". The project is designed for 2016-2017.

The second memorandum, which will be signed at the forum - on the implementation of the investment project on creation of industrial production of continuous basalt fiber industry.

As a result, the project is planned to create on the territory of the Karachayevo-Cherkessia Republic of the industrial enterprise, working on local raw materials and produces products used in aerospace, petrochemical, construction, machine-building industry, agriculture, engineering networks and road construction.

The third project, the start of which will be given on the forum - is the construction of mining and metallurgical complex in the field of tungsten LPS-Teberdinsky. The initiator of the project is the company "SevKavNedra." The project involves the construction of mining and metallurgical complex in the field of tungsten LPS-Teberdinsky to produce the finished product - tungsten trioxide in the ammonium paratungstate.

As the head of Karachay-Cherkessia Rashid Temrezov, all investment projects corresponding to priority areas of socio-economic development of the Karachay-Cherkess Republic until 2035, the state program of socio-economic development of the North Caucasus and the import substitution program.

Also at the forum, the head of Karachay-Cherkessia Rashid Temrezova and Head of the Republic of Crimea Sergey Aksenov will sign a plan of practical measures in the framework of an agreement between the Karachai-Cherkess Republic and the Republic of Crimea for 2015-2018 years. The plan will reflect the specific joint activities of the two republics in the field of trade and economic relations, investment policy, labor and employment, energy and housing and communal services in the field of construction, urban planning and land resources in the area of youth policy, culture and sport, health and others.