Vnesheconombank continues to select certified managers in Russia’s 23 pilot regions in the context of its new regional model. To date, most of the applications have been received from Moscow, Leningrad Region, Buryatia, Karelia and Novgorod Region.
VEB’s new regional model will enable the direct linking of business ideas in Russian regions with Vnesheconombank’s financial resources and provide the impetus for rapid economic development in Russia’s constituent entities.
“We are receiving applications from regional development institutions, regional branches of the Russian Chamber of Commerce and Industry, business professionals, manufacturers and entrepreneurs. These are people committed to enhancing the investment appeal of their regions and eager to learn and work to achieve this objective’, Deputy Chairman of Vnesheconombank, Member of the Management Board and the Project Curator Alexey Ivanchenko commented. “When selecting managers, we give preference to candidates with an extensive contact base and an insight into the economic environment of their regions. These should be people knowledgeable about project finance tools, in particular, for the projects enjoying support from both regional authorities and the federal government. In early June, we expect to meet with the selected managers and introduce them to governors and the business community in the regions. The first meeting is to take place in the Novgorod Region and then, in other pilot regions”.
In each region, VEB is to select up to three regional managers, who will then identify and screen investment projects in their respective regions. To ensure speedy application processing and decision making, managers will interact with VEB and project initiators online, based on the Development Project Factory platform.
The selection of candidates for VEB’s certified managers in the pilot regions will continue for another two weeks, until May 26. Applications for participation are to be filed via a specialized LEADER-ID platform.
State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” is a national development bank and one of the largest financial institutions in Russia. Established in 1924, Vnesheconombank has been operating in compliance with a special Federal Law on the Bank for Development since 2007. Vnesheconombank’s supreme governing body is the Supervisory Board headed by the Chairman of the Russian Government Dmitry Medvedev.
In compliance with the Strategy 2021, VEB will focus on the financing of projects in downstream industries, infrastructure development, promotion of non-resource exports and conversion of the defense industry to civilian products, support for innovations and the National Technological Initiative projects. Seeking to operate at a whole new level of efficiency, VEB will proactively look for projects meeting government priorities, perform in-depth analysis of business projects in cooperation with its customers, attract private co-investments, and monitor project progress based on cutting-edge technologies.
http://www.veb.ru
LEADER-ID is ASI’s information platform for the search, development and promotion of leaders. The platform is scheduled to begin operation in July 2013. The number of users exceeds 87 thousand.
http://leader-id.ru
Press Office
E-mail: press@veb.ru
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