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Finnish Companies to Stay in Kaluga Region

On December 9, 2015 a delegation of Finnish companies’ representatives headed by Hannu Himanen, the Ambassador of Finland to the Russian Federation, visited Kaluga Region with a business mission. In the morning a business forum was held.  

The forum attendees focused on Kaluga Region’s best practices in the field of cooperation with foreign investors, efficient import substitution efforts supported by global companies, Kaluga Region investment policy in the current economic situation, and an industrial park as a tool to attract direct investments to the region’s economy.   

In his welcoming speech Anatoly Artamonov, Kaluga Region Governor, pointed out that Kaluga region and Finland had established business relations. He said: “We are interested in expanding bilateral cooperation. Kaluga Region has created all necessary preconditions for our cooperation development, including relevant infrastructure and research facilities, efficient transport and logistics system. Kaluga Region Government also provides preferences and benefits at a regional level. We also have special business proposals for our partners”.     

Speaking of international cooperation and the development of Finnish business in Kaluga Region, Hannu Himanen, the Ambassador of Finland to the Russian Federation, said:

“Kaluga Region hosts a number of projects being implemented by Finnish companies of construction, mechanical engineering, metal processing and packaging industries.  Finnish companies highly esteem the Kaluga Region advantages such as favorable investment climate in the region,  integrated approach pursued by Kaluga Region Government in order to create relevant conditions for business development, and high transparency of cooperation mechanisms.  Russia remains our key trade partner. Hundreds of Finnish companies operate in this country. They have invested over EUR12 billion in Russia, 5,000-10,000 new jobs have been crested. The Finnish business has good development prospects, especially in Kaluga Region.  Finnish businesses stayed in Russia despite the complicated situation in the economy. They will work here in the future as well”.

A presentation of Finnish companies offering food industry equipment, machine tools, and services to industrial companies was held within the framework of the forum. A number of B2B meetings with top managers of Finnish companies were organized.