Finland became interested in the investment potential of Kabardino-Balkaria

NALCHIK, April 18. /TASS/. Finland became interested in the investment potential of Kabardino-Balkaria (KBR) and considers possibilities of cooperation with the country. On Wednesday said Minister Plenipotentiary of the Embassy of Finland in Russia Antti of Helantera in the course of communication with the Prime Minister Alam Muscovy in Nalchik during the first visit to the Republic, the press service of head and government of the region.

Discussed promising directions of bilateral cooperation in trade-economic, social, agroindustrial, tourist-recreational areas. Special attention was paid to the implementation of a number of joint investment projects on the territory of Kabardino-Balkaria.

“This is the first official visit of the representatives of the Finnish delegation in Kabardino-Balkaria. Republic impresses with its capabilities and investment potential, it is interesting to observe its development. More acquainted with the investment projects, we introduce them to specialists in Moscow and Finland, hope to establish mutually beneficial and fruitful relationship,” said Helantera during a meeting with members of the government of the region.

“Attracting foreign investment in the development of regional economy is one of the important tasks of our foreign trade. Today we see Finland as one of the key potential partners”, – said Moscow.

During the visit of the Finnish delegation are scheduled to visit the leading industrial enterprises of the Republic, the largest institution of education and culture of the region, said the press service.

As reported, the volume of investments into the fixed capital of the CBI amounted to almost 40 billion in 2017 with a growth of 7% compared to the previous year. The trend of growth of private investment and the CBD is among the top 10 constituent entities of the Russian Federation, where in the last three years a significant growth of investment in fixed capital. The total portfolio of investment potential of the Republic is estimated at 1.3 trillion rubles.