Delegation of the Ulyanovsk region plans to sign several agreements with Turkey

The region is planning to reach an agreement on collaboration with Turkish business associations.

 The business visit will take place on April 24-25. The regional delegation headed by the Governor Sergey Morozov will participate in a discussion about the prospects of bilateral cooperation, which will be carried out within a round table in the Istanbul Chamber of Commerce. The head of the region will make a welcome speech at the Turkish business forum.

While addressing deputies of the Legislative Assembly, the Governor Sergey Morozov mentioned that it is very important to increase the investment potential of the region. He noted the role of industrial parks and special economic zones, which commercial effect had far exceeded the invested funds. “Following the results of 2016 (the total saved-up result since 2009), efficiency of the industrial park "Zavolzhye" has considerably increased. One ruble of budget investments in infrastructure of the park is equivalent to 32.4 rubles of residents' investments and 10.7 rubles of taxes to the budget. In the same period, residents of the park provided 11.7 billion rubles (without tax concession) of taxes to the regional budget. And it greatly surpasses the public funds ivested in infrastructural works. The main territory of the park is already occupied by residents. Currently, twenty-eight investment projects with total investment of about 48 billion rubles are being implemented in the region. The enterprises provided jobs to about 3 thousand inhabitants of the region. When fully implemented, the projects involve creation of about 2 thousand more new jobs. Ulyanovsk business is actively participating in the work of enterprises located in Zavolzhye industrial zone. Over the last three years, the number of local suppliers has increased five-fold”, - the head of the region emphasized.

In addition, during the visit the head of the Ulyanovsk Region Development Corporation Sergey Vasin will present economic potential of the Ulyanovsk region to representatives of Turkish business. The Director of the Port Special Economic Zone "Ulyanovsk" Denis Baryshnikov will talk about the investment platform of the special economic zone. B2B meetings with potential investors will take place, as well as the ones with the management of the companies implementing their projects in the region. They include "Efes", "Martur", "Maygem".

Several Turkish and international enterprises with the Turkish assets work in the Ulyanovsk region. So, the total amount of investments into the project of Efes-Rus, a company on production of beer, made more than 7 billion rubles. Today the enterprise is one of the main taxpayers in the Ulyanovsk region, providing about 2 billion rubles a year into the consolidated budget. Over the history of its existence, the plant has provided 7 billion rubles tax payments.

Martur, a manufacturer of automotive components, also successfully works in the region. It invested more than 450 million rubles in the plant located in the Ulyanovsk region. In January 2016, the enterprise launched production and started commercial output. As a result, the company transferred 17 million rubles of tax payments to the regional budget over the last year.

Maygem is also starting implementation of its project. This Turkish company works in the fields of construction, trade, industrial technologies, developments and production. It also provides engineering services to state and private customers. Now the investor is working on the design of a plant on production of welding wire, which will be placed in the territory of the industrial park "Zavolzhye". Implementation of the project will continue in the second quarter of 2017 after the issue of further financing will be solved. It was stopped because of sanctions applied in 2016. The volume of investment is expected to be not less than 450 million rubles.