OREANDA-NEWS. August 19, 2011. The Government of the Republic of Karelia has approved activities for 2011-2012 concerning implementation of mainstreams of investment strategy of the Government for 2011-2015.

Mainstreams of investment strategy of the Government of the republic have been stated in April. Implementation of the document will make it possible to enhance investment prospects of the region, will arrange conditions for consecutive increase of the level and quality of life of the population of Karelia.

Through implementation of mainstreams of investment policy of the Government of Karelia in 2015 the volume of investments into economy of the republic is expected to grow 1.5-fold to the level of 2010.

The approved activities state steps of the Government in the sphere of investment strategy in concrete terms for the next years and are divided into several sections. In total the order includes more than 60 activities.

It is planned to develop a number of legal acts in the sphere of investment activity, to pursue the corresponding budgetary policy, to develop systems of support and administration of investment projects, to form an innovation system in the region, to arrange conditions for growth of small and medium-sized businesses, to implement a number of specific investment projects.

In particular, the bill of participation of the republic in projects of private-public partnership is prepared, an independent program of the state support of innovative activity will be developed, participation of Karelia in federal programs will be broadened, complex investment plans of single-industry towns will be inplementd, issues of creation of the industrial park in Karelia will be studied.

The order also takes into account plans of activity of The Corporation for Development of the Republic of Karelia Inc. recently established by the Government of Karelia. The Corporation will take care of implementation of projects concerning consrtuction of Yalguba sports-tourist complex, construction of a yachting center in Petrozavodsk, construction of the Alpine-skiing resort complex Spasskaya Guba, mobilization of investments in other economic spheres of the republic.