Vnesheconombank Raises Another Credit to Implement Project in the Bryansk Region

14 december 2012 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and HSBC Bank Plc (HSBC) signed another individual credit agreement as part of funding the project aimed at producing and processing meat cattle in the Bryansk region. The project is being implemented by LLC the Bryansk Meat Company.

Under the Agreement HSBC is to provide Vnesheconombank with credit resources in the amount of 150 million US dollars to fund advance payments under contracts of LLC the Bryansk Meat Company with a number of foreign cattle exporters and local expenses in 2012-2013 on a commercial basis for a period of 7 years.

On behalf of Vnesheconombank the agreement was signed by Deputy Chairman Alexandr Ivanov and on behalf of HSBC – by Global Head of Export Credit and Global Specialized Finance Peter Luketa.

This credit agreement is the third agreement to have been signed with HSBC on a commercial basis as part of implementing the project in the Bryansk region. All in all about 300 million US dollars have been raised from HSBC on a commercial basis.

HSBC  Holdings  plc, the parent company of the HSBC Group, is headquartered in  London.  The Group serves customers worldwide from around 6 900 offices in  84  countries  and  territories in Europe, the Asia-Pacific region, the Americas,  the Middle East and Africa. With assets of US$2,652bn at 30 June 2012,  HSBC  is  one  of the world’s largest banking and financial services organizations.  HSBC  Group  operates in Russia through OOO HSBC Bank (RR). HSBC  Russia provides a wide range of corporate banking, investment banking and  financial markets products and services to corporate and institutional customers.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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Vnesheconombank Sign Quadripartite Agreement on Cooperation in Implementing Investment Project on Developing Innovation Agro-Industrial Parks on the Territory of the Far East Federal District

13 december 2012 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, the Russian Far East Development Ministry, OJSC the Far East and the Baikal Region Development Fund and LLC AgroInvest signed an agreement on cooperation in implementing a project on the construction of five innovation agro-industrial parks on the territory of the Far East Federal District.

The project aims to ensure the Far East region’s comprehensive development of the agro-industrial sector and food security as part of implementing the Government Program of Developing Agriculture and Regulating Markets for Agricultural Produce, Raw Materials and Food Products for 2013-2020 approved by Resolution of the Russian Government dated July 14, 2012 №717.

The fist construction stage provides for building two innovation infrastructure facilities in the Primorsky and Khabarovsk Territories and then similar integrated facilities are to be built in the Amur, Sakhalin and Jewish autonomous areas. All five facilities are scheduled to be put into operation by 2016.

The project is to be funded on the terms of public private partnership. LLC AgroInvest will be responsible for implementing the project and raising funds from private investors under the auspices of the Russian Far East Development Ministry.

Director General of the Far East and the Baikal Region Development Fund Alexandr Bazhenov said, “Funding such an ambitious innovation project on the construction of a network of agro-industrial parks in the Far East Federal District is sure to become one of the Fund’s top-priority projects in the coming years. We are convinced that application of various public private partnership instruments can give a considerable impetus for the region’s economic development”.

“Russia’s entry into the WTO requires creating new mechanisms for t the state to support its agricultural producers. These are above all measures for improving infrastructure of the Russian agro-industrial complex. And today we are getting down o implementing such an advanced innovation project which will form the basis for ensuring the Far East region’s sustainable socio-economic development  and food security”, said  Russian Far East Development Minister and Presidential Envoy to the Far East Federal District Victor Ishaev.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

 

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Master Class “Private Public Partnership in the CIS: Best Practices”

12 december 2012 года
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A master class “Private Public Partnership in the CIS: Best Practices” was held on 11 and 12 December 2012 with the expert assistance of the UN Economic Commission for Europe (UNECE) on the basis of the Joint Public Private Partnership Department of Vnesheconombank and the Finance University under the Government of the Russian Federation.

This is the first training session under the agreement on cooperation between UNECE and Vnesheconombank aimed at organizing a dialogue between CIS countries and sharing experience in working out PPP strategy, developing instruments and mechanisms for implementing investment infrastructure projects on PPP terms. >>>

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Vnesheconombank Holds Practical Workshop on Sharing Experience between Specialists of Vnesheconombank and the China State Development Bank

11 december 2012 года
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A practical workshop on sharing experience between specialists of State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the China State Development Bank (CSDB) was held in Moscow. The workshop was organized as part of implementing the Agreement on Cooperation in Training Personnel and Sharing Experience between SCO Interbank Consortium Member Banks.

In the course of the workshop specialists shared experience in working out a strategy and a system of corporate social responsibility, organizing personnel training, main lines of developing educational initiatives, assessing positions of each bank as compared with leading foreign institutions. Representatives of CSDB told about their approaches to enhancing financial support for programs of renewable sources of energy as well as about the program aimed at boosting welfare of China’s population >>>

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Irina Makieva Elected as Chairman of the Business Council for Cooperation with Slovakia

7 december 2012 года
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Vnesheconombank Deputy Chairman Irina Makieva participated in a meeting of the Business Council for Cooperation with Slovakia under the auspices of the Chamber of Commerce and Industry of the Russian Federation.

An opening address was given by Vice President of the Chamber of Commerce and Industry of the Russian Federation Georgy Petrov and by Ambassador Extraordinary and Plenipotentiary of the Slovak Republic to the Russian Federation Josef Migash.

The meeting’s participants discussed the Council’s day-to-day activity and an action plan for the next year. In the course of the meeting Irina Makieva stressed the need to update the Business Council’s member base as well as to make a list of attractive projects of bilateral cooperation. All members of the Business Council were provided with lists of multi-profile municipalities with industrial parks where Slovak investors might become residents.

Irina Makieva was elected as Chairman of the Business Council for Cooperation with Slovakia.

 

Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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