Russia to invest EUR6.5bn in tourism development in period from 2019 to 2025

Russia's Federal Agency for Tourism (Rostourism) Oleg Safonov the maximum volume of the total funding to be invested into the development of domestic and inbound tourism under the federal targeted programme for the period from 2019 to 2025 is forecast at RUB445.4 billion (EUR6518.4 million) (Interfax/Rambler News Service, 28-Sep-2017). Mr Safonov said the amount will include RUB83.5 billion (EUR1221.9 million) in federal funds, RUB15 billion (EUR219.6 million) in regional budget funds and RUB346.7 billion (EUR5074.7 million) in non budget funds.