A programme of the monitoring of entrepreneurial situation will soon begin at 500 companies of the Kaliningrad Region. The programme is aimed at the elimination of administrative barriers encountered by investors. This is according to what Jacqueline Coolidge, the Director of Consulting Programmes of the International Financial Corporation and the World Bank, said during her meeting with Andrei Stepanov, the Deputy Plenipotentiary of the President of Russia in the Northwestern Federal District. She said all procedures a foreign or domestic investor was facing would be analysed. Mr. Stepanov said this was very important and timely for the Kaliningrad region that would soon be surrounded by European Union member countries. The economy of the region needs investments. For it to grow, all the outdated fixed assets must be replaced, advanced technologies introduced. Today, investments are hampered by a mass of bureaucracy, which must be eliminated if the investment climate is to become better.
In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.
Rescuers found the pilot of one of the two Su-34 fighters that had collided in midair in the Far East on January 18