Ulyanovsk Region Government to Conclude a Cooperation Agreement with a Large Austrian Company

The document will be signed by Governor Aleksey Russkikh and the company management as part of the Ulyanovsk delegation's working visit to the Republic of Austria on 24-25 February.

The agreement includes a project that will create a large-scale production facility of one of the famous world brands in the region. The head of the region held the first negotiations with the investor at the Russian-Austrian Business Council in October 2021. Later, the company's management visited the Ulyanovsk region and examined potential sites for implementation of their investment project. The final agreement will be signed during the return visit.

As part of the working visit of the Ulyanovsk Region delegation, a meeting is to be held with the Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Austria and the trade representative of Russia in Austria, during which the parties will discuss prospects for economic cooperation, as well as other areas.

The plans also include a number of negotiations with Austrian and German companies that can become future investors.