10.02.2016

"Many of the AEB member companies are running successful businesses in the Krasnodar region such as Bonduelle, Cargill, Claas, Danone, Knauf, Nestle, Philip Morris and others. And I hope that European companies and the authorities of the Krasnodar region will continue to work together for their mutual benefit", concluded Philippe Pegorier.

Sergey Altukhov, Deputy Head of Administration (Governor) of the Krasnodar region, spoke about the region’s long-term cooperation with the Association of European Businesses. He noted that the Krasnodar region is considered the safest region for investing. The regional administration, in turn, is willing to provide tax incentives for European companies.

According to him, around 300 companies have been established in the province with foreign capital from more than 50 countries.

"The region’s investment legislation protects the rights of investors and gives them a wide range of privileges and preferences. The most popular forms are property and income tax breaks, subsidies from the regional authorities, and comprehensive information support", said Sergey Altukhov.

In the second part of the meeting, Oleg Zharko, Chairman of the AEB Southern Regional Committee, Regional Director of Corporate Affairs and Government Relations, Danone, Ralf Bendisch, Deputy Chairman of the AEB Southern Regional Committee, General Director, CLAAS, and Bertrand Bonvin, President for Philip Morris International’s affiliates in Russia and Belarus, talked about their experience of doing business in the Krasnodar region.

Photo: Sergey Altukhov, Deputy Head of Administration of the Krasnodar region