Sergey Altukhov presented investment potential of the Krasnodar region at the meeting of the Association of european businesses

The event took place in Moscow today. The Vice-Governor of the region told the company executives, who are members of the Association of European Businesses, about investment opportunities of the region and measures of state support and development of a network of industrial parks. The Vice-Governor of the Krasnodar region, Andrey Korobka, attended the meeting as well.

The Chairman of the Board of the AEB, Philippe Pegorier, and the General Director of the AEB, Frank Shauff, were curators of the meeting. Philippe Pegorier noted in his welcoming remarks that the AEB has been working with the region for a long time, and a range of companies, the members of the AEB, opened their productions in Kuban, –the press-service of the Administration of the Krasnodar Region reports.

Sergey Altukhov, in turn, highly appreciated the long-term cooperation of the region with the Association of European Businesses as well. He recalled that it was in the Krasnodar region where the first Russian Southern Regional Committee of the Association was established more than 10 years ago. And today, the representational office is actively engaged with the regional Administration on improving the investment climate.

Sergey Altukhov emphasised that the Krasnodar region is considered to be the safest investment region, and it is a leader in the field of attracting investments in the south of Russia, with a share of the total volume of about 60%. According to him, nearly 300 companies with foreign capital from more than 50 countries were established in Kuban.

– The regional investment legislation protects the rights of investors and provides a wide range of privileges and preferences. Such forms of state support as tax privileges on property and income, as well as subsidies from the regional budget and information support are the most in-demand, – Sergey Altukhov said.

The Vice-Governor said that important legislative initiatives that will introduce a fundamentally new system of state support this year had been prepared. So, the Krasnodar Region Development Corporation will start operation in a short time. The Head of the region, Veniamin Kondratyev, said of the need to create such a structure repeatedly. The corporation established at the request of the Governor will use the mechanisms of public-private partnership, provide support for large investment projects under the principle of "one window". The priority direction of the corporation will be the creation of industrial parks, technology clusters and industrial zones.

The concept of creation and development the network of industrial parks in the region was also introduced the businessmen during the meeting. Four public and four private industrial parks with different specialization, from the production of agricultural to biotechnology products are planned to be established.

In addition, the Vice-Governor said that the region is looking for partners to implement local investment projects.

– For this purpose, a Unified Register of Investment Proposals containing 1,800 projects and platforms was created. Each project being implemented in the region successfully undergoes all stages from the business idea to commissioning of a facility, – Sergey Altukhov said.

The Chairman of the Southern Regional Committee of the AEB, the Regional Director of Corporate Issues and Interaction with Government Authorities of the Danone Group of Companies, Oleg Zharko, and the Deputy Chairman of the Southern Regional Committee of the AEB, the General Director of CLAAS, LLC, Ralph Bendish, delivered the reports about their experience of business dealing in the Krasnodar region in the second part of the meeting.

Source - Investment portal of Krasnodar region