Kaluga

Regional Profile

Kaluga

Kaluga region has its eye on other investments

Kaluga is also interested in investments into tourism, trade centers and residential construction.

To support and stimulate investment, a whole packet of laws has been prepared and passed, according to Governor, Anatoly Artamonov.

The most significant is the law “On state support of investment activity in Kaluga Region “. It is aimed to solve two problems. Firstly, the law specifies state guarantees for investors. Secondly, it creates the most favored nation treatment for all participant of investment activity despite the form of incorporation.

Posted by John Bonar on Sunday, 01 June 2008 21:44. Published in Kaluga

Kaluga region: undergoing a development revolution

Kaluga is a regular powerhouse for foreign inward investment - rating third in Russia after the capital Moscow and the tsarist capital and home city of President Vladimir Putin and Dmitry Medvedev, St Petersburg.

Posted by Marina Indjikian on Sunday, 01 June 2008 21:40. Published in Kaluga

Kaluga’s future tied to auto industry and innovative business start ups - Interview with Governor Anatoly D. Artamonov

Governor of Kaluga - Anatoly D. Artamonov

Kaluga Region, between Moscow, Tula, Bryansk, Smolensk, and Orel, has pinned its economic success on a burgeoning auto industry. “Kaluga is becoming one of the main automobile industry centers in the Russian Federation,” Governor, Anatoly Dmitrievich Artamonov told BSR in an exclusive interview this February. The regional administration wants to stop the brain drain of 65,000 people who are commuting daily to Moscow for better paid jobs. Spearheaded by Mr. Artamonov, the regional administration is committed to attracting inward investment, creating high-tech jobs improving living standards from housing to amenities and encouraging young innovators to develop business in the region.

Posted by John Bonar on Sunday, 01 June 2008 21:35. Published in Kaluga

Kaluga: Small region punches above its weight

Just south of Moscow Oblast lies Kaluga Region, a relatively small region of 29 900 sq. kms with a population of just over 1 million which is punching far above its weight in terms of scientific research and more recently, foreign direct investment.

Posted by John Bonar on Sunday, 01 June 2008 21:28. Published in Kaluga