nesheconombank and Novgorod Region Administration Enter into Agreement

Today on April 11, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Novgorod region Administration entered into an Agreement on Cooperation.

The Agreement was signed by Vhesheconombank Chairman Vladimir Dmitriev and Novgorod region governor Sergei Mitin.

The Agreement aims to establish strategic partnership and promote long-term, effective and mutually beneficial cooperation between the two sides in the investment activity.

Under the Agreement the two sides are determined to cooperate in raising funds to finance investment projects, the implementation of which is planned on the territory of the Novgorod region, specifically, top priority is given to projects in power engineering, timber processing and construction materials manufacturing. A list of such projects is to be made on an annual basis taking into account socio-economic development priorities of the Novgorod region and Vnesheconombank’s main lines of activity.

The implementation of this Agreement would help to address high-priority objectives of the region’s economic development and boost its economic and industrial potential.

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

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