OREANDA-NEWS. December 3, 2012. The CCI of Russia Congress Center has hosted a representation of the economic and industrial potential of the Orenburg region.

CCI of Russia President Sergey Katyrin, an official delegation of the Orenburg region led by Governor Yury Berg, Russian and foreign investors, representatives of federal and regional legislative and executive authorities, diplomats and journalists attended the event.

An exhibition displaying regional industrial achievements and investment options was held in the Congress Center’s lobby.

CCI of Russia Vice-President Vladimir Strashko chaired the presentation.

CCI of Russia President Sergey Katyrin greeted the audience. He described the Orenburg region as a unique and rich territory and stressed that its main riches were people. This human potential enables the region to implement the most daring investment projects, Sergey Katyrin said.

Orenburg Regional Governor Yury Berg presented the economic potential and investment climate of the region. People of 129 nationalities had been coexisting peacefully in the Orenburg region for centuries. The region has the territory of 124,000 square kilometers. More than 2,500 deposits of 75 types of natural resources have been discovered there. Regional industries and agriculture are well developed.

New vectors of the regional development are linked with the Customs Union and the prospective Common Economic Space. Investments in the region are growing. Tens of billions of rubles are invested by TNK-BP, Gazprom and Metalloinvst. John Deere invests more than 3 billion rubles in the production of agricultural machinery. Volma is building a construction material plant (the investments top one billion rubles). An important investment project – the construction of a plant to process oil-bearing crops – is being implemented (the investments reach 2.8 billion rubles). A Russian-Italian meat processing plant will cost approximately 100 million euros. The investment portfolio of the regional government includes about 100 investment projects with the total value exceeding 500 billion rubles.

The governor spoke about tax benefits for investors. The regional law on the pledge fund is a revolutionary step, Yury Berg said. The region has established the Development Corporation, a public-private partnership operator. The Russian Finance Ministry ranks the Orenburg region second by the efficiency of budget expenditures.

CCI of the Orenburg Region President Viktor Sytezhev represented a number of investment projects. He dwelt on related risks and ways of their minimization, which reflected the high level of analysis of the investment bids.

Vice-Governor – Deputy Chairperson of the Orenburg Regional Government for Financial and Economic Policy Natalia Levinson presented social infrastructure projects to be fulfilled on public-private partnership terms. Public-private partnership is an important and promising instrument of the implementation of many projects, especially socially significant ones, in the case of its correct use and account of interests of every side.

John Deere Orenburg Plant Director Philipp Murphy presented the agricultural machinery plant project.

Regional Economic Development, Industrial Policy and Trade Minister Natalia Struntsova presented the Solyonye Ozera (Salt Lakes) tourist and recreation cluster.

Presentation participants gave a press briefing and answered numerous questions of the media and guests.