The Ministry of Regional Development of the Russian Federation held a meeting of representatives of foreign investment companies and representatives of executive bodies of regions of the Russian Federation


28052014The Ministry of Regional Development of Russia held a meeting of representatives of foreign investment companies and representatives of executive bodies of regions of the Russian Federation, responsible for the economic and investment development of the regions. The meeting was organized for the first time in the format of a broad “Business Mission “. The event was attended by the Deputy Minister of Regional Development Michael Krouk, the Director of the Extrabudgetary Investment Projects Marina Shilkina, the Director of Project Finance of the Russian Investment Agency “Invest in Russia” Kirill Amelkovich, representatives of companies «ALBA Group» (Germany), «Oxylane» (France), «KAYI» (Turkey), «FRESENIUS MEDICAL CARE» (Germany), Korean-Russian Council, and representatives of 19 regions of Russia.

The Minister of Regional Development Igor Slyunyaev welcomed the participants of the meeting.

The Head of Regional Development drew attention of the audience to the positive macroeconomic dynamics of the national economy over the past 15 years: cash income, the amount of state reserves, the capitalization of the largest banks in the country increased several times. It was noted that the Russian economy is now among the five largest economies in the world, and in terms of capacity of the domestic consumer market is ranked the 9th, the inflation in the country since 2009 has not crossed the 10 percent corridor, the national debt has consistently been one of the lowest in the world – less than 10%.

The Minister outlined the main directions of the new industrialization of the Russian economy, given in a speech of the President Vladimir Putin at the plenary session of the XVIII International Economic Forum in St. Petersburg, and stressed that a “Knowledge Economy” has to become a clear competitive advantage for Russia and its regions at the present stage.

“We are ready not only to fully support the development of your business, but also jointly with you to improve the business climate in our country, to remove administrative barriers and improve existing legislation. The main challenge facing the authorities, including the Ministry of Regional Development of the Russian Federation is improving the quality of people’s lives. Without obvious economic victories it is impossible to improve the quality of life”, – said Igor Slyunyaev addressing to the participants of the “Business Mission”.

The Director of the Department of Extrabudgetary Investment Projects Marina Shilkina presented a report on activities, structure, aims and objectives of the Department, as well as the measures to improve the investment climate of Russia, conducted by the Office.

Talking about the business meeting Marina Shilkina noted that the event was held in the Ministry of Regional Development in such a format for the first time. “In the future such meetings will be scheduled at least once a quarter,” – said the Director of the Department.

For subsequent meetings the Russian Ministry of Regional Development will invite foreign investment companies operating in various sectors of the Economy. The first business meeting was attended by investors represented by the companies that implement their projects in the field of health, construction of hypermarkets, selling goods for sports purposes, construction of business hotels and construction of plants for deep and environmentally friendly recycling of household waste with subsequent production of components of green energy.

During the business meeting the representatives of investors gave detailed presentations on their activities, history, the best completed projects, criteria and specifications to be met by investment sites in the regions”.

There were also presentations given on the investment potential of Vladimir, Smolensk, Saratov Regions and the Chuvash Republic.