Russian President Vladimir Putin had a meeting with Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yuri Trutnev and Minister for the Development of the Russian Far East Aleskandr Galushka in Moscow, Wednesday to discuss the economic developments in the Far East region.
SOT, Aleskandr Galushka, Minister for the Development of the Russian Far East (Russian): “For now the total amount of the investment thanks to new mechanisms of development of the Far East, amounted to one trillion and 30 billion roubles of which 950 billion roubles is private investment and 80 billion roubles is state investments. So, the efficiency is one to 12, for one rouble of budgetary funds we receive 12 roubles of private investment. These projects will create 55,000 new jobs.”
SOT, Aleskandr Galushka, Minister for the Development of the Russian Far East (Russian): “I anticipate that by the end of the year the investments will amount to two trillion roubles. In total, 200 new businesses, 200 new fabrics are behind these investments.”
SOT, Aleskandr Galushka, Minister for the Development of the Russian Far East (Russian): “It is not a limit, today we established the promotion of all mechanisms both for Russian and for foreign investors. It goes in accordance with decisions established by the Agency for Attracting Investment and Supporting Export of the Far East, which is actively promoting these opportunities to potential investors. If we talk about the structure of today’s 200 companies, 40 per cent are manufacturing enterprises, 20 per cent are for transport and logistics, 20 per cent are for agriculture and ten per cent for tourism and service. This also means diversifying the economy of the Far East, which is also very, very important.”
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