More than 18 billion dollars were invested in the economy of the Krasnodar Region for the last 25 years

It was announced by Veniamin Kondratyev, the Governor of the Krasnodar Region, during the plenary session commemorated to an important date devote to foreign investment in the region.

Yuri Burlachko - Chairman of the Legislative Assembly of the region, Vasily Shvets - Vice-governor of the region, representatives of foreign companies, working in the region took part in the event, – reported press service of the administration of the Krasnodar Region.

The Governor congratulated the representatives of business and noted that nowadays mainly due to their work on the territory of the Krasnodar Region, the region has become one of the most investment attractive regions in Russia.

– At a certain stage of your company’s development, you have made a decision to set up business in Russia, in the Krasnodar Region. Time showed that you made a right choice, your courage and risks are acquitted, - said the Head of the region. 

Over a quarter of a century, foreign business partners invested to the region’s economy more than 18 billion dollars. About 50 projects are implemented in the sphere of agriculture, industry and tourism.

I am sure that this is not the limit. No matter to which country your company referred, as all of us are working together to develop the Krasnodar Region. If we reject competition we will fall back, - noted the Governor.

The speaker of region’s parliament added that Krasnodar Region attracts investors not only by its advantageous geographical location but also by stable economy and political life.

As a reminder, about 300 enterprises with foreign capital from more than 30 countries work on the territory of the Krasnodar Region. 

Source - Investment portal of Krasnodar region