Foreign investments in the Kuban economy exceeded $1.3 billion in 2016

© AP Photo / Martin Maly and the Euro. Archival photoForeign investments in the Kuban economy exceeded $1.3 billion in 2016© AP Photo / Martin Meissner

The volume of direct foreign investments into economy of Kuban was more than $ 1.3 billion in 2016, this volume region is reached for the first time, reports a press-service of administration of Krasnodar region.

«In 2016, the volume of direct foreign investments in the economy of the region amounted to more than 1.3 billion US dollars. According to this indicator Kuban-the leader among subjects of the southern Federal district and is among the top 15 regions of Russia», – are reported words of the Governor of Kuban Veniamin Kondratiev, who on Tuesday in Krasnodar, held a meeting of the consultative Council on foreign investments.

According to the head of the region, such a volume of investments the region has reached for the first time in its development. «We need this momentum to keep and develop. Today our priority task is to maintain a favorable business climate in the region, including for foreign investors,» said Kondratev.

He recalled that with the German company «KLAAS», located in Krasnodar, last year was awarded Russia’s first special investment contract providing for a complex of measures of state support and tax benefits. In addition, in 2016 the company «Danone» was opened in the regional capital, a business service center, creating 350 new jobs.

«We appreciate such a stable and reliable partner… We are proud of and want to and other major foreign companies chose us, we are ready to increase mutual cooperation,» – said Kondratiev.

According to the regional authorities, in the Kuban region has about 300 enterprises with foreign capital from more than 30 countries, including those that conduct business in the region for more than 20 years.