Regional Profile
The Perm Region, or Krai, has enormous natural resources and an educated population. What it needs for further development is outside investment. This is very welcome. Perm is open for business!
The Regional capital, Perm, with its million inhabitants, sits in the middle of the Perm Krai (Area) which has nearly three times that population. It is an area of 160,000 square kilometres, or about the size of England and Wales put together. It has a well-developed infrastructure, commercial and cultural as well as good transport links with the rest of Russia. Yet it is far enough away from Moscow that the pleasures of the Russian countryside can be enjoyed freely, by both residents and visitors alike.
Perm is one of those large Russia cities which provide an ideal environment for business and industrial investment, not least because of its intrinsic attractions and historical interest.
Archangelsk is a vibrant city and in the summer with long white nights a delightful place to stroll along the embankment, enjoy a carnival and open air concerts, just chill in the many cafes along the embankment of the Dvina River or enjoy a funfair.
A Russian company will complete construction of one of the most unique offshore oil platforms by 2010. Sevmash, on the White Sea, used to make the world’s biggest nuclear submarines, but now it is helping to fulfill Russia’s quest for new oil and gas fields.
There are two airports in Arkhangelsk: Talagi airport for intercity and international flights and Vas’kovo airport for local flights (including flights to Solovetsky).
In Arkhangelsk, the Russian Oblast which borders the Arctic seas and the hydrocarbon-rich Arctic Shelf, the regional administration and business leaders see the supply of equipment and services to the oil and gas industry as a key to developing and diversifying the regional economy while small business is flourishing and providing a spur to economic growth. The oil and gas developers are wary of global warming and the ever larger icebergs they expect it to unleash on the Barents Sea but there’s not much sign of global warming in Arkhangelsk, the Oblast capital of 355,000 inhabitants founded in 1584 by order of Tsar Ivan IV (Ivan the Terrible). It sits on the Northern Dvina River, close to the Arctic White Sea, and is dominated by a three kilometer long promenade beside a broad beach.
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.
