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Administration
of Khabarovsk Krai
Department of Foreign
Economic Relations
72, Frunze St., Khabarovsk 680000 Russia
Tel / fax: +7 (4212) 32-41-21
PRESS
RELEASE
February, 10 1999
Khabarovsk, Russia
By: The Department of Foreign Economic Relations
Sergey Ivanovich Lopatin
Contact Phone: (4212) 32-41-21
Khabarovsk
Krai Improves Investment Environmet!
The Khabarovsk Krai has taken several positive steps
recently to create a better environment for investments
in general and foreign investments particular. As an
example, the Khabarovsk Krai Duma is considering a Law on
Investment Activity in Khabarovsk Krai, which will
improve the investment climate in the region. The Law
would grandfather law relating to all investors working
in Khabarovsk market. It is also considering to provide a
system of guaranties from the Krai Administration
(creation of the Mortgage and Guarantee Funds).
The Governor has also created a "Consulting Council
on Foreign Investments". This council is made up by
government, private business people, foreign investors,
and other related parties. The councils goals are many,
but center on creating a forum where investors in open
dialogue with the Governor can discuss problems, ways to
solve them, and develop recommendations for the Krai
Administration and business community all aimed at
improving the overall investment climate within the Krai.
Governor Viktor Ishaev created a "Coordination
Committee" within the Foreign Economic Council to
strengthen foreign economic development coordinating
efforts of all the Krai's Administration departments, and
business community. This committee will oversee various
changes in investment climate, develop and publish
"Roadmaps for Foreign Investor", analyze
implementation of pilot projects, and other priority
projects, and illuminate implementation of the actions
within the international program "Regional
Investment Initiative".
In addition, the Krai Administration has recently
approved the establishment of an "Investment
Promotion Agency" within and part of the Krai
Department of Foreign Economic Relations, headed by Mr.
Sergey Lopatin. This agency will be the chief liaison
between foreign investors, and investment activities
within the Krai. The agency is modeled after similar
investment promotion agencies around the world, and will
be a first within the Russian Far East.
CARANA Corporation, an international consulting firm
working under a USAID contract, is providing the Krai
with assistance in the endeavor to create new investment
opportunities. Dan Berkshire, the Project Manager for
CARANA is also assisting in developing a new Investment
Strategy for the Krai which will presented to the first
meeting of the Consulting Council on Foreign Investments
to be held in March of this year.
(For additional information Dan Berkshire at CARANA
Corporation in Khabarovsk can be contacted at: (4212)
23-61-97, e-mail: dan@carana.khv.ru)
Chief,
Department of Foreign Economic Relations,
Sergey I. Lopatin
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