OREANDA-NEWS. April 29, 2011. Head of Karelia Andrei Nelidov has approved Main Trends of Investment Strategy of the Government of the Republic from 2011 through 2015.

The document relies on the core strategic documents of the republic, namely the Strategy of Social and Economic Development through 2020 and the Concept of Social and Economic Development for the Period through 2015. Activities of the Government scheduled there will make it possible to increase investment potential of the republic, promote inflow of investments, provide conditions for consecutive increase of the level and quality of people's life in Karelia.

Thanks to implementation of the Main Trends of Investment Strategy of the Government of the Republic in 2015 the volume of investments into economy of the republic should grow 1.5 times to the level of 2010.

Formation of a system of administrative, infrastructural and financial support of investments in the republic, improvement of investment climate and increase of competitiveness of Karelian enterprises, reduction of administrative barriers interfering investment development, introduction of innovations and technological modernization of industry, diversification of economy of territories of the republic, conditioning development of small and medium business are stated as primary goals in achievement of this purpose.

Lots of attention will be paid to perfection of the infrastructure: railway, automobile, water and air transport, communication, power engineering, frontier and customs infrastructure, housing and communal services.

One of the mainstreams is modernization of economy: assistance to enterprises in upgrading their production facilities and increasing their efficiency, establishment of new industries, competitive growth of regional goods and services, introduction of innovative development, resource- and energy saving technologies.