Kostroma authorities to offer Turkish investors site for the plant

© RIA Novosti / Svetlana to Balsamifera in fotobaikeram. Archival photoKostroma authorities to offer Turkish investors site for the plant© RIA Novosti / Svetlana to Balsavimas the image Bank

The management of the Kostroma region, having been with the business mission in Istanbul, outlined several ways of cooperation, in particular, the region will offer Turkish investors site for the construction of enterprises for deep wood processing, said the regional administration.

The delegation of the Kostroma region worked in Istanbul on 13 and 14 October. Meetings were held with the leadership of the province of Istanbul, the Istanbul chamber of industry, Eurasian business councils of the foreign economic Affairs Committee of Turkey, Consul General of the Russian Federation in Istanbul and trade representative of Russia in Turkey.

In the framework of the business mission, the Governor of the region Sergey Sitnikov met with the leadership of one of the largest timber industry holdings of Turkey «, Yildizlar» (Yildizlar Yatirim Holding), which intends to build Russia’s wood production. Discussed the possibility of creating such enterprises in the Kostroma region. «In the near future the holding intends to meet with specific subject matter experts and supervising agencies directly on the territory of Russia, including with site visits, invited Kostroma region», — stated in the message.

Kostroma authorities told Turkish counterparts that the region has already prepared everything necessary for the potential investors identified potential sites of production organization, provided the issues of grid connection, the analysis of labor resources necessary for the effective operation of the enterprise. Participating in the meeting the owners of timber enterprises of the Kostroma region, assured the company management that the new company will be provided with raw materials in full. According to preliminary estimates, will need up to 1 million cubic meters of wood.

«The parties have agreed fundamentally that before the end of this year representatives of the company arrive and consider the subject site, it is possible to embed large processing industries», — commented the results of the meeting Sitnikov. The head of the region stressed that the principled position of administration — not the export of raw materials and deep processing of timber in the region. The investor must establish a separate enterprise that should be registered in the Kostroma region and pay taxes to the local budget.

According to Sitnikov, Kostroma oblast has significant forest resources, at the moment, forest industry in the region takes leading positions in the Central Federal district and in Russia as a whole. Just last year in fixed capital of the timber companies invested 2.2 billion rubles of investments. Of products shipped in the amount of 24.2 billion rubles.

In addition to cooperation in the sphere of timber industry complex of the Kostroma side discussed with their Turkish colleagues a number of possible projects, particularly in the construction sector. Kostroma the Governor noted that the region is interested in participation of Turkish construction companies in realization of important Federal projects for construction of social institutions, including kindergartens and schools.

«We see today that the local construction organizations are not always able to fully close our needs in construction. Looking for who today can come, who can build kindergartens, schools, sports facilities. And attracting foreign construction companies is a real practice. The main condition — that the company has passed official registration in the Russian Federation became a subject of economic activity of the region, taxpayer to, in essence, became a Turkish company in Russia. And if it will be of benefit to Turkish companies, for us it is a principled solution to the issue,» said Sitnikov.

The Turkish partners have confirmed interest in technical, scientific, economic and industrial potential of the Kostroma region to implement projects in the sphere of jewelry industry, training, tourism development.