SIMFEROPOL /AQMESCIT (QHA) -

A total of 436 applications on cooperation and contracting have been sent by potential investors to Crimea.

However, as of September 2015, only 29 of them have been endorsed. Over 90 applications are still at agreement preparation phase, and 200 application are under consideration, Crimean government reports citing the local media.

The Russian authorities' bureaucratic routine has become the main obstacle to the investment flows.

QHA