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Business news, 01.12.2005 16:39

St. Petersburg economic zone to promote intellectual advances

economic_zone St. Petersburg’s victory in a tender to create a special technological and innovative zone will allow the city to make serious progress in the intellectual sphere, the St. Petersburg governor said Monday evening.

Valentina Matviyenko said the city authorities were satisfied with the results of the tender because the city had won a competition to create a technological and innovative area that most fully corresponded to the city’s scientific and intellectual potential. She added that the special economic zone would enable the city to tap its potential and attract investors to its priority sphere of high technology and science-intensive industries.

On Monday, the Russian minister of economic development and trade summed up the results of the tender for special economic zones. German Gref said the St. Petersburg technological and innovative area was expected to conduct scientific research and develop production in the sphere of information technology and instrument making.

Another zone in Dubna, a nuclear research center in the Moscow Region, would deal with nuclear physics. Gref also said Zelenograd, a town with a powerful microelectronic base near Moscow, would engage in microelectronics and Tomsk would study new materials, while industrial and production areas would be set up in Yelabuga (the Republic of Tatarstan in the Volga Area) and Lipetsk (central Russia).

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