Head of the Presidential Administration Sergei Ivanov Presents VEB’s Development Award to First Laureates
In the course of the Forum there was a ceremony to present the contest winners with Development Award instituted by Vnesheconombank.
The Development Award is presented to legal entities for their outstanding merits in implementing nationally significant investment programs and projects.
The laureates of the first Development Award are:
In the nomination “the Best Infrastructure Project – the project “Development of Industrial Parks Infrastructure in the Kaluga Region”: “Forming an Automobile and Auto-Component Manufacturing Cluster, OJSC the Kaluga Region Development Corporation”;
In the nomination “the Best Project in Industrial Sectors” – the project “Launching the Production of New Generation Freight Wagons”, CJSC the Tikhvin Wagon Works;
In the nomination “the Best Project on the Comprehensive Development of Territories’ – “Construction of a Satellite Town of Kemerovo “Lesnaya Polyana”, Association of Construction Organizations Promstroy;
In the nomination “the Best Project of Small and Medium-Size Enterprises” – the project “Reconstruction of the Heating System the City Bakal, the Satkinsky District of the Chelyabinsk region, LLC Ural Energo Development”.
The contest was held in two stages. All the applications (220 applications were submitted) were evaluated by the contest committee which was comprised of 28 experts – competent specialists in economics and investments. In the course of the contest 14 nominee projects were selected. They represented various regions and economic sectors of the country. In May of 2013, VEB’s Supervisory Board approved 4 laureates of the Development Award out of them.
Opening the ceremony Head of the Presidential Administration Sergei Ivanov said, “It’s highly symbolic that we honor laureates as part of this Form which united politicians, public figures, heads of leading companies and scientists in order to address key economic problems. Economic progress is possible due to new innovative approaches and onward movement. For Russia it means moving away from raw materials economic model, developing our vast territories and addressing crucial social demographic issues”.
VEB Chairman Vladimir Dmitriev thanked all the Contest’s participants, “A great number applications for the Award is a demonstration of positive trends in the development of our economy. It was extremely difficult to choose the best 4 projects that are the most efficient and significant for their regions’ investment portfolios”.
Press Office of Vnesheconombank
Phone: +7 (499) 608-46-93, Fax: +7 (499) 975-21-34
In accordance with the terms of issuing eurobonds, on the Russian Finance Ministry’s instructions State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ transferred funds in the total amount of 159 million 365 thousand 437.50 US dollars to Citibank N.A., London Office.
These funds were transferred to pay interest on eurobonds issued in 1998 for an amount of 2.5 billion US dollars for a period of 30 years with a coupon rate of 12.75%.
The payment was made in a single currency.
Origin: Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34