Crimean Tatars set up business association

Russia's Crimea has created favorable business conditions - Balbek.

Crimean Tatar entrepreneurs have set up a business association, Crimean Deputy Prime Minister Ruslan Balbek told Interfax on Feb. 21.

"This is a positive event in the life of the Crimean Tatar people. The purpose of creating the association is to create joint projects and develop own ones within the Russian law," Balbek said.

Over 100 Crimean Tatar entrepreneurs have founded the association that will be led by businessman Rustem Nimetullayev. The organization's presentation on Sunday has gathered 350 Crimean Tatar entrepreneurs.

"Russia's Crimea has created favorable business conditions, today entrepreneurs are better off working within the law, the republican government is ready to help businesses, " said the Crimean deputy prime minister.

Crimean Tatars are currently involved in the construction, restaurant and hotel business, in the services industry, and in some areas of manufacturing.

On Feb. 21 the association of Crimean Tatar entrepreneurs signed a memorandum of cooperation with the Association of Muslim entrepreneurs of the Russian Federation. "This will enable the Crimean Tatar business to reach the federal level," Balbek said.

Crimea has a population of 1.9 million, 10-13% of whom are Crimean Tatars.

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