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A meeting of the Advisory Council on foreign investments took place in Krasnodar under chairmanship of Veniamin Kondratyev

Sergey Altukhov, Vice-Governor, heads of line departments and business reps took part in the event, as reported by the Press-service of the administration of Krasnodar region.

As noted by the governor, in 2016 the volume of direct foreign investments to the regional economy made more than 1.3 billion US dollars. In terms of this indicator, Kuban holds leadership among constituent entities of SFD and incorporates into top 15 regions of Russia.

– For the first time in its history, the region achieved such volume of investments. It is necessary to preserve such a trend and develop. Today our priority objective is to maintain a favorable business climate in the region, also for foreign investors, - underscored the Head of the region. 

Veniamin Kondratyev reminded that around 300 enterprises with foreign capital out of more than 30 countries of the world are operating now in Kuban. Most of them have been running business in the region for more than 20 years now. A first in Russia special investment contract envisaging a set of public support measures and tax benefits was conclude with the German company «KLAAS». In 2016, the enterprise «Danone» opened a business service center in the regional capital by creating 350 new jobs.  

The Head of the region also added that presently an accent is put on the establishment of high technology production lines.

– We need expanded production lines – enterprises of deep localization, new technologies and new solutions. Here we are looking forward to interest from foreign investors and we are willing to consider a concept of establishing joint scientific production centers, - emphasized Veniamin Kondratyev.

Source – Investment portal of Krasnodar region