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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Vnesheconombank and Export Development Canada Enter into Agreement

30 november 2007 года
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Today, on November 30, in the course of Russian Prime Minister Victor Zubkov’s working visit to Canada, The State Corporation “The Bank for Development and Foreign Economic Affairs (Vnesheconombank)”and Export Development Canada (EDC) entered into an Agreement on Cooperation.

The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and EDC Senior Vice President Benoit Daignault and Regional Vice President Klaus Buttner.

Under the Agreement the two sides are determined to carry out investment projects, promote trade ties between Canada and Russia and expand cooperation in supporting the export of Russian and Canadian goods and services to third countries.

The Agreement provides for allowing for making arrangements for mid and long-term financing of projects, extending guarantees and insuring political and commercial risks. The two sides give top priority to projects in power engineering, coal mining, shipbuilding, aircraft construction and infrastructure projects as well as in environment protection projects.

This Agreement aims to promote stable economic and financial ties between Russia and Canada.

Export Development Canada is Canada’s official export credit agency designed to promote the export of Canadian goods, services and technologies. EDC cooperates with 6400 exporter companies represented in more than 200 countries in the world.

 

Origin: Vnesheconombnak Press Office
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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