Poltavchenko: the interest of foreign investors to St. Petersburg is saved

St. PETERSBURG, 28 Dec. The interest in St. Petersburg from foreign investors remains, told reporters the Governor of the Northern capital Georgy Poltavchenko.

“We see no decline in interest from foreign investors. The activity of those who are already working in Russia even increased. The price of land and property, tariff rates, labour costs have already been much lower than in Europe. In Russia today again opened a window of opportunity. Especially in St. Petersburg, taking into account the benefits incurred by us in 2015 for strategic investors,” he said.

St. Petersburg Governor noted that for 2015 the Board of investment was approved for 18 projects worth about 154 billion rubles.

“Next year starts the project of the company “Blinked investments” for the integrated development of the territory value of 102 billion rubles close to the “Pulkovo”. The pipeline Convention and exhibition centre “Friendship” with the participation of our Chinese partner company “Hua Bao”. Finnish Fazer plans next year to begin construction of a new production of confectionery and bakery products with an investment of about 200 million dollars”, — said Poltavchenko.

He also noted that next year it is planned to enter at once seven new industries medical and pharmaceutical cluster.