OREANDA-NEWS. February 10, 2010.  “JSC “KLIMOV” project follows the strategy of innovative development of St.Petersburg” – noted St.Petersburg vice-governor and company’s Board of Directors member Michael Oseevsky during his interview to JSC “Klimov’s” press service.

Representing the St.Petersburg city Administration Mr. Oseevsky made his comments on the JSC “OPK Oboronprom” projects committee decision. He pointed out that the new JSC “Klimov” design and manufacturing facility serves as one of the still rare examples when the development strategy of the company is clearly understood by its management.

Mr. Oseevsky pointed out that JSC “Klimov’s” project follows the guidelines of policy defined by Russian President Mr. Medvedev – modernization and innovative development of industrial manufacturing.

The vice governor also noted that according to the Russian legislation any investor investing into fixed assets is entitled for tax benefits. JSC “Klimov” will enjoy profit tax preference – 4% for 3 years, property tax rate will also be lowered. Our experience as well as the opinion of the investors proves that this is a very effective way to support the implementation of these kinds of projects, explained Mr. Oseevsky.