Vnesheconombank and Union of Russian Timber Industrialists and Exporters Enter into Agreement

5 december 2007 года
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Today on December 5, in the course of Russian Prime Minister Victor Zubkov’s working tour to the Vologda region, State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and the Russian Union of Timber Industrialists and Exporters entered into an Agreement on Cooperation.

The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and Russian Union of Timber Industrialists and Exporters President Miron Tatsyun.

The two sides are determined to cooperate in working out schemes for raising funds to finance investment projects carried out  in the wood working industry as well as create favorable conditions for establishing mutually beneficial ties with businesses and organizations in the said industry.

In order to select promising investment projects, the Union is to establish an Expert Council responsible, among other things, for coordinating cooperation between the two sides.

For its part, Vnesheconombank would help the Union raise funds to finance investment projects as well as conduct expert’s examination of proposals by foreign banks, credit and finance companies to raise funds to finance projects.

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

 

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Vnesheconombank and Kaluga Region Government Sign Agreement

4 december 2007 года
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Today on December 4, the State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and the Kaluga region Government entered into an Agreement on Cooperation.

The Agreement was signed by Vnesaheconombank Chairman Vladimir Dmitriev and Kaluga region Governor Anatoly Artamonov.

In the long run, the Agreement aims to carry out a number of promising investment projects on the territory of the Kaluga region, specifically, projects to build and expand infrastructure of industrial and technological parks.

Under the Agreement the two sides would work out schemes for raising funds to finance investment projects in the Kaluga region. A list of investment projects is to be made annually on the basis of priorities of socio-economic development.

At present, Vnesheconombank is considering the possibility of participating in developing Vorsino and Grabtsevo parks in the amount of 3 billion rubles for a period of 5-7 years. The projects are expected to be financed through the management company - OJSC The Corporation for the Development of the Kaluga Region against guarantees granted by the local government.

This Agreement aims to fulfill a number of top-priority tasks associated with the region’s socio-economic development and to strengthen its economic and industrial potential.

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: Press@veb.ru

 

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