Tourist Firms Told to Lower Security
Administration of Russia’s president proposed to the State Duma’s Economy Committee to lower financial security for the tourist firms from 10 million rubles to 5 million rubles. This suggestion pleased both the masterminds and opponents of the document, and the third reading of the bill in the State Duma could be held this week.
Yesterday, State Duma’s deputies backed up the idea of the president’s administration to lower from 10 million rubles to 5 million rubles financial security for operators dealing with trips to/from foreign states for the time of transition period that will last for a year, from June 1, 2007 to June 1, 2008. On its expiration, the amount will go up to 10 million rubles.
The amount of financial security for domestic tourism will remain at 0.5 million rubles. Though the administration suggested that the amendments take effect July 1, legislators decided to change the dates, so that the tourist operators had enough time to execute security by the start of the season.
Shaped by Russian Tourist Agency, Rosturism, the Bill on Fundamentals of the Tourist Business in the RF was passed by the State Duma in the second reading December 18. The bill requires from tourist firms to have financial security instead of mandatory licensing that was repealed from January 1.
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All the Article in Russian as of Jan. 16, 2007
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