Today, on December 18, Donetsk National University’s Economics Department, in association with the DPR Ministry of Education and Science, hosted the Republic Business Projects Competition on the topic of “Investment-Oriented Vectors of the Region’s Development” with international participation. According to a correspondent of the DPR Official Website, Chairman of the DPR People’s Council Vladimir Bidyovka, deputies, as well as public and business representatives, visited the plenary meeting.

“Such events are extremely important for our Republic, since the Head of the DPR defines the strengthening of the economy as the main vector of development of our young state. Especially in the conditions of the existing trade and transport blockades from Ukraine.

Therefore, it is no coincidence that this competition is being held at the premises of Donetsk National University’s Economics Department, which is attended by young people, who together with their senior colleagues will be able to discuss their projects, innovations and suggest new ways of development of our Republic,” Vladimir Bidyovka stressed.

The competition itself is broken down into two nominations: “Development Business Project of Enterprise (Region): Investment and Innovation Aspect” and “Social Project”.

According to acting dean of Donetsk National University’s Economics Department, economic science and activity are multifaceted and multistage, which is what they teach at the Economics Department.

“It is great when the knowledge gained results in practical application, elaboration of business plans and projects. If a project proves to be successful, the next step is to look for investments for its further implementation. Therefore, I am very pleased that today we have representatives of legislative and executive authorities, as well as representatives of the public and business environment. It is these people who will help our young researchers to implement their groundwork for the benefit of socio-economic development of our Republic,” he noted.

Besides, the aim of the competition is to promote the entrepreneurial initiative of students, as well as personal enhancement, social responsibility and entrepreneurial spirit in competitive environment.

A sourcebook will be published in follow-up to the competition.