Presentation of Krasnodar region in Kingdom of Belgium

Krasnodar Region Administration pays special attention to the development of international and foreign economic cooperation of the region with European countries. One of the most promising lines of interrelationship is the cooperation with the Kingdom of Belgium, especially within the framework of investment projects in free economic zones of the Black Sea area of the region and in preparation for the 2014 Winter Olympic Games in Sochi.

With the object of further development of trade and economic cooperation between Krasnodar Region and the Kingdom of Belgium, Krasnodar Region Administration under the auspices of the Ministry of Foreign Affairs of Russia, the Russian Federation Chamber of Commerce and Industry and the Belgian- Luxembourg Chamber of Commerce for Russia and Belarus plans to hold Presentations of Krasnodar Region in Brussels on 23 May 2008.

At the world economic forum in Davos Krasnodar Region was named the most attractive region in Russia to investors.

The rate of growth in investment of fixed capital through the Region for 2007 was 126% compared to the 2006 level (for Russia this indicator was 121%), and the amount invested totaled $9 billion.  13% of this amount, $715 million, came from foreign investors.  Over the last six years approximately $2.8 billion of foreign investment has been made in the Region.  Krasnodar Region consistently holds first place in the Southern Federal District for volume of investment.

The Region is ready today to present 1600 projects worth €12 billion to potential partners.

Olympic Sochi is a separate and especially interesting subject for investors.  A Federal Special Programme of unprecedented scale has been adopted for developing Sochi as a mountain resort with private and public investment totaling 318 billion rubles (more than €8.5 billion).  In the Sochi area modern tourist and sports complexes and new fashionable hotels are being built.  Construction of the ski station and gondola lift at the Roza Khutor ski resort (snowboarding and alpine skiing) is already in progress.  The Karusel hotel complex, which will be the main press hotel in the mountain cluster, is under construction.  In January this year the first stage of the Gazprom mountain tourism centre was opened (biathlon, cross country skiing, Nordic Combined).  Investors have the opportunity to take part in building modern tourist and sports complexes and new fashionable hotels.

The Presentation will show high investment potential and prospects for the future in the following fields: industry, fuel and energy complex, construction and architecture, etc. The program envisages conference and round tables.

 You can find further details about the Presentation of Krasnodar Region at our web-site www.presentation-kuban.com, in the Department of External Economic Activity of Krasnodar region: e-mail This email address is being protected from spam bots, you need Javascript enabled to view it . tel: +7 8612 68 65 17, in the Belgian-Luxembourg Chamber of Commerce for Russia and Belarus: tel. +32 473 9486, web site: www.ccblr.org

          The Presentation of Krasnodar Region will be held on 23 May 2008 at 11:00 in the building of the Belgian-Luxembourg Chamber of Commerce for Russia and Belarus (500 Avenue Louise, 1050 Brussels).