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Memorandum on cooperation signed between Penza Region Government and Vnesheconombank
Memorandum on cooperation signed between Penza Region Government and Vnesheconombank
Economy 18.02.2018

Ivan Belozertsev, Governor of the Penza region, and Sergei Gorkov, Chairman of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, met at the Russian Investment Forum in Sochi, on Friday, February 16, 2018.

“We have favourable history of relations with Vnesheconombank. With its financial support, Asia Cement Plant with a capacity of 1.8 million tonnes of cement per year was built. Today, the workload of this plant is about 96 percent, this is one of the best indicators in the Russian Federation,” Ivan Belozertsev reported.

“Nowadays, many investment projects are planned for the implementation in the region, they require additional co-financing. We look forward to further effective cooperation with the largest bank in the country. Such cooperation will allow us to create new jobs and ensure further development of business,” he concluded.

The memorandum on cooperation between the Government of the Penza region and Vnesheconombank provides for maintaining and developing partnership, enhancing coordination and interaction of the parties in investment, promoting mutually beneficial and effective cooperation on a long-term and stable basis.

The document allows reviewing the possibility of cooperation in addressing priorities of social and economic development in the Penza region, boosting the economic, industrial and export potential of the region using all available collaboration mechanisms, including the participation of regional development institutions.