Business Watch
By John Bonar
Alexander Fedotov, General Director of the Sakha Republic’s (Yakutia) Republic Investment Company (RIC) told a meeting at the London Stock Exchange at the end of September, and repeated it to over 100 businessmen in the Royal Society of Chemistry, that “Investing in Yakutia will let you participate in the economic growth of the Asia-Pacific Ocean, and first of all China”.
Today is the best time to invest in Yakutia, General Director of JSC "Republican investment company" (RIC) Alexander Fedotov, has said upon return to Yakutsk from a five day business trip to London in the delegation led by the country's president, Yegor Borisov.
After the presentations in London to a number of industrial and financial corporations, "some UK companies expressed their desire to co-operate with the Republic of Sakha (Yakutia) and with our company. For us it is important both in gaining good experience, and as an illustrative example for other investors from around the world.," Mr. Fedotov said.
By John Bonar
The President of the Russian Republic of Sakha, more popularly called Yakutia, invited British businessmen and bankers at presentations in central London to invest in his Republic. The resource-rich republic, the largest region of the Russian Federation with 40% of its territory within the Arctic Circle is relatively unknown in London and is seeking to invest $154.8 bn.in infrastructure, new diversified economic projects including integrated projects in a number of industries from oil and gas development to timber processing in a bid to grow GRP by 2.8 times to 2020 compared to 2005.
The EBRD is continuing to bolster Ukraine’s strong position as a major producer, processor and exporter of agricultural commodities via its large-scale programme of investments with major players in the national food and farming sector.
The latest transaction is a US$ 25 million loan to Globino Group – an important meat processing company in Ukraine. The loan will finance the modernisation of “Globinsky Meat Plant” and “Globinsky Pig Complex” as well as the construction of a biogas facility and a restructuring of Globino’s balance sheet.