GROZNY, October 21 (RIA Novosti) - The Chechen government signed an agreement Friday with Russian state-owned bank Vneshekonombank on attracting foreign investment in the Russia's North Caucasus republic.
Bank Chairman Vladimir Dmitriyev, who signed the agreement along with Chechen Prime Minister Sergei Abramov, said it "set a milestone for the Chechen Republic in view of perspectives for economic development."
Dmitriyev said the bank's long-time relationship with its foreign partners would allow it to attract foreign investment in Chechnya, including in industry, agriculture, infrastructure, road construction and housing.
The agreement also stipulates the education and post-graduate apprenticeship of Chechen students in Russia's universities, Dmitriyev said.
"Basic cooperation projects will be outlined jointly within two weeks with the Chechen authorities," Dmitriev said, adding that the implementation of these projects would result in new jobs, tax revenues and additional funds for social programs.
Dmitriev said he and Abramov intended to embark on a foreign tour to promote investment in the republic.
Abramov said joint technologically advanced projects would be implemented in various economic sectors.
