Several joint business projects to be implemented in the Ulyanovsk region

During a working visit to the friendly Republic of Slovenia, the Governor Sergey Morozov successfully held negotiations with new partners of the Ulyanovsk region. He noted that in the nearest future, the region will be visited by representatives of several Slovenian companies which are interested in localization of production in Russia

 “Attracting investment is an essential tool in the development of the region. But today the emphasis has shifted towards high-tech projects based on not just the latest solutions but the ones for the far future. We need companies that makes products with high added value. Not only will this increase tax payments to the budget, but will also effect working conditions and salaries of workers. Today the aim is to create more highly paid jobs. One such project is to establish a production of innovative lamps in the Ulyanovsk region. We are going to implement it together with a Slovenian company "Ecobase Global". We value openness of the company and its confidence in us. It was important for us to see that the production is based on modern international standards and technologies and that the company creates high-tech jobs. During the visit we agreed with the investor's management to accelerate project implementation in the territory of the region and to release new types of products in addition to the ones mentioned in the agreement,” – said the head of the region.

An investment agreement on establishment of a multifunctional factory for production of LED street lighting in the territory of special economic zone was signed between the Government of the region, the Ulyanovsk Region Development Corporation and the investor at the St. Petersburg International Economic Forum in June 2017. The investment at the first stage of project implementation will total 300 million rubles. This number will increase up to 600-700 million rubles at the following stages and 500 new jobs will be created for inhabitants of the region.

Sergey Morozov also noted that a number of meetings with Slovenian companies took place during the visit. Following their results, it was agreed that representatives of the companies will visit the Ulyanovsk region before year-end in order to find out more about the region and consider possible variants of cooperation, including placement of production facilities in the territory of the region. In particular, the Ulyanovsk delegation held a meeting with businesspeople from the Chamber of Commerce and Industry of Slovenia, as well as with members of the Slovenian Business Club – small and medium-sized enterprises of the Republic that export products and services outside the country. In addition, the head of the region discussed the issues of cooperation with the Minister of Economic Development and Technology of Slovenia Zdravko Počivalšek.

“We held successful negotiations with a subsidiary of a large Japanese company operating in Slovenia. In addition, we also made a presentation of the region in the Slovenian innovation center and invited the participants to the conference "Investors' Requirements – Government's Activities", which will take place in Ulyanovsk in the beginning of September. Another place of interest is our Nanotechnology Center, where we will be able to exchange experience. We discussed with the management of the Slovenian IT company, which provides support to major industrial enterprises around the world, variants of accommodation in Technocampus and a possible trip to the region to explore the regional IT-community,” - said the CEO of the Ulyanovsk Region Development Corporation Sergey Vasin.

11.09.17