First Deputy economy Minister Mikhail Babich was elected Chairman of the Board of Directors of the company “Northern Caucasus Resorts”, reported on the website of the Ministry of economy. A new Board of Directors was formed in early June at the annual meeting of shareholders. Read Galeao “resorts of the North Caucasus” was created in 2010. Its goal is “the realization on the territory of the North Caucasus Federal district a complex infrastructure of a business project in the tourist industry aimed at the creation and development of tourist cluster,” according to the company website. The project involves the construction of new ski resorts of world class. At the end of may Mikhail Babich was elected Chairman of the Board of Directors of another Institute for the development of the North Caucasus Federal district — JSC “development Corporation of North Caucasus”, said the Ministry of economy. The company was also established in 2010 for the development of investment activities in the district.
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