19.01.2017

On 19 January 2017, a meeting of the Regional Foreign Investment Advisory Council under the Governor of the Krasnodar region was held. 

Sergey Altukhov, Vice Governor of the Administration of the Krasnodar region, headed the meeting and noted that “the Administration of the Krasnodar region pays great attention to development of foreign economic relations and aims to build long-term and stable relations with its partners in the investment sector. Cooperation of the Krasnodar region with foreign investors is a long-term and mutually beneficial process. Regional Foreign Investment Advisory Council under the Governor of the Krasnodar region was founded 13 years ago. It was one of the first such Regional Council in the country and was created to solve problems of foreign investors and improve the investment climate in the region”.

The event was attended by representatives of large foreign business operating in the region: Philip Morris Kuban, CLAAS, Danone, Nestle Kuban, Cargill, EY, Knauf, KWS, Bank Center-invest, Banca Intesa and other AEB members. 14 out of the 16 companies included in composition of the Advisory Council are members of the Association of European businesses. Coordinator of work with foreign investors and leaders of the working groups of the Regional Foreign Investment Advisory Council are representatives of the AEB member companies. In 2016, following working groups were established in the frame of the Regional Foreign Investment Advisory Council: promoting of the investment image of the Krasnodar region, legal issues and regulation, localization, staffing for foreign investment. Working groups help to attract a wider level of professional expertise and to intensify investment processes in the region. At the meeting of the Regional Foreign Investment Advisory Council on 19 January 2017, the heads of the working groups told about the work done in 2016 and plans for 2017. In particular, a new analytical document – the Report on the status of work with foreign investors in the Krasnodar region. It is planned to be developed by March 2017, and publicly presented. The Report is planned to be prepared annually.