Vladikavkaz/Agency Caucasus – The administration of North Ossetia strives to keep its economy on track.
Despite some financial activities that help to keep employment at a particular level in particular fields of work, the government is now urged into seeking prompt action after as many as 411 people were left jobless as a result of a decision made by many companies to reduce work force since October.
President Taymuraz Mamsurov had a committee set up to focus on what could possibly be done to reduce the effects of financial turmoil on the country. President Mamsurov sought support from Moscow, the administrative capital of Russia, for his future treatment of the financial crisis.
Sometime last week, the president requested officials in Moscow not to impose restrictions on agricultural products that came from the Caucasus regions. He assigned the committee the task of checking the financial state of affairs, of following the market trends, of taking the opportunities as they arise, and of giving chances to small-scale manufacturing businesses.
"North Ossetia is not able to handle the current financial crisis alone. This is also true of other parts of the Russian Federation. It is necessary for the Republic of North Ossetia to receive full support so that it can without delay actively engage in solving its own problems," the North Ossetian president was quoted as telling the Russian news media.
CT/ÖZ/FT
