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Big Stone in Primorye has lost the status of ZATO - EastRussia | Far East

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Big Stone in Primorye lost ZATO status

Russian President Vladimir Putin signed a decree on the abolition of a closed administrative and territorial formation - the city of Bolshoi Kamen Primorsky Krai, the press service of the Primorsky government said.

According to the Decree, the status of ZATOs from Bolshoy Kamen will be removed 1 January 2015. The President instructed the Government of the Russian Federation, together with the Administration of the Primorsky Territory, in the 6 month period to carry out the necessary organizational measures related to the abolition of CATFs.

Also, according to the Decree, Primorye will be allocated interbudgetary transfers to ensure the balance of the budget of the Great Stone. In 2015 year - 340,6 million rubles, in 2016 - 328,6 million, in 2017 - 328 million rubles.

The agreement on the change in the status of the ZATO was reached during a meeting between Governor Vladimir Miklushevsky and Deputy Prime Minister Dmitry Rogozin.

"The status of ZATO introduces serious restrictions on foreign investors, which impedes the implementation of major projects. The removal of the regime will allow for the effective development of business, "said Vladimir Miklushevsky. The shipyard is already under construction here, and the implementation of this project should become the basis for the development of the investment potential of the territory.