15 Jan 2014 15:00

PM promises special conditions for businesses in Far East, E. Siberia

MOSCOW. Jan 15 (Interfax) - Prime Minister Dmitry Medvedev promised Wednesday that he will personally monitor the program of measures to establish areas of accelerated development in Russia's Far East and Eastern Siberia by creating special conditions for doing business there.

"Special conditions will be created for those entrepreneurs who plan to open their own business here. I will monitor this personally," Medvedev said at the Gaidar Forum in Moscow.

He recalled that these areas will enjoy five-year tax holidays for profit tax, natural resource extraction tax and land and property taxes, as well as lower insurance contribution rates.