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German business notes the high economic and investment potential of the Krasnodar Region

Yuri Burlachko - Chairman of the Legislative Assembly of the region, Vasily Shvets - Vice-governor of the region, Andrey Korobka - Vice-governor of the region, representatives of authorities and companies, working in the region’s leading spheres of economy, took part in the event. The event took place in the Trade Representation of the Russian Federation in Federative Republic of Germany, as the press-service of the Administration of the Krasnodar Region reports.

The German business was represented by more than 50 companies, including CLAAS, Knauf, Siemens, Metro Cash and Carry, SAP SE.
As the Governor noted, Germany for not the first year invest in the economy of the region.  Currently, 18 enterprises with the German capital, working in the sphere of industry and agriculture, work on the territory of the region. Last year, the turnover between Russia and Germany was 381 million USD. 

- We are interested in localization of production of German enterprises and ready to provide with the most favorable conditions for implementing such business projects.  It is necessary to understand the niche of German business in the spheres of region’s economy and to build up reliable partner relations, - noted Veniamin Kondratyev.

For its part, Wolfgang Buechele, Chairman of Germany's Committee on Eastern European Economic Relations notes high investment potential of the region.  

Within the event, a number of entrepreneurs, working in the Krasnodar Region (such as CLAAS, Knauf, Metro Cash and Carry) highlighted an investment-oriented policy of the region’s authorities. 

Sergei Nechaev, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Federal Republic of Germany stressed that the region is open for work with investors. The region has good infrastructure and business tools. 

– I am sure those who make a decision to set up business in the region tomorrow will get the strategic benefit in market developing of our big country, - summarized Veniamin Kondratyev.

Source - Investment portal of Krasnodar region