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7 September 2018, 20:10

Business

Donbass Republics to draw cooperation road map - LPR Economic Development Ministry

LUGANSK, September 7 (Lugansk Media Centre) - Donbass Republics representatives made the decision to draw a road map to develop bilateral cooperation, following a meeting at a 3rd Economic Forum discussion platform.

The discussion involved Lugansk People’s Republic acting Council of Ministers chairman Alexander Drobot, LPR Economic Development Minister Elena Kostenko, Industry and Trade Minister Dmitriy Bozic, Agriculture and Food Minister Yuriy Pronko, LPR People’s Council deputy, chairwoman of Lugansk-Niva Board Zinaida Naden, acting DPR Economic Development Minister Viktoria Romanyuk, DPR Industry and Trade Ministry officials, heads of private and state-owned enterprises and representatives of the Republics’ Chambers of Commerce and Industry.

The LPR economic development minister said that the discussion resulted in plans to draw a road map to facilitate the development of cooperation ties between the Republics’ enterprises.

“The most important thing we arrived at is that all our measures towards cooperation need planning. Therefore, we made the decision to write a cooperation programme jointly with the Industry and Trade Ministry; one of the programme sections will address cooperation with the Donetsk People’s Republic,” she said.

“Together with (acting DPR Economic Development Minister) Viktoria Romanyuk we’ll develop a short-term road map which will list the measures towards developing cooperation ties,” Kostenko added.

The minister underlined that it was very important for the Republics to have similar business environment as the key objective was to revive the old cooperation ties which were severed because of the armed aggression, and re-create jobs for the population to contribute to its welfare.

Drobot noted that the LPR’s economic development strategy envisioned “openness to partnership and interest in the most extensive cooperation.”

The acting DPR economic development minister said that the LPR was a strategic partner for the DPR and its second largest trade partner.

“I wish to thank the event organisers personally and on behalf of my Republic’s ministry. I believe this is important for the development of the Donbass Republics’ economies. The economic integration between the Republics is running steadily; we have cooperation plans. I wish everybody to be more vocal on problems because when we hear you we see solutions which will contribute to further development of business in our Republics. Therefore we should revive and build up all possible cooperation ties,” Romanyuk said.

The participants visited one of the new Lugansk-Niva shops which produced sunflower oil.

“On May 12, 2018, head of our Republic Leonid Pasechnik presented the programme of the LPR socio-economic development till 2023 “Our Choice” in his address to  the legislative and executive branches of power. He said that favourable business environment would help boost LPR exports by 2.5 times by 2023.

Earlier on Friday, LPR Council of Ministers chairman Sergei Kozlov said that more than ten foreign delegations were taking part in the 3rd Economic Forum.

Head of the Economic Development Ministry’s Department for Foreign Trade Regulation Stanislav Duplenko said last month that that potential investors from the Middle East and European countries would be among the participants.

The 2nd Economic Forum which Lugansk hosted September 1, 2017, gathered more than 400 experts and business people. In 2016, LPR held an economic forum within the framework of National Economic Achievements Exhibition (VDNKh) where more than ten cooperation agreements were signed.

More than 100 leadings LPR and DPR companies in various branches of the economy are expected to participate in National Economic Achievements Exhibition 2018 due to open at Lugansk’s Avangard Stadium at 10:00 on September 8, the LPR Economic Development Ministry said.

LuganskMediaCentre — 07 September — Lugansk