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Business & investments
Yakutia Faces the World
‘South Yakutia’ will include 7 investment projects
Prime Minister Dmitry Medvedev stated he had signed a decree on the creation of ‘South Yakutia’ advanced development zone, which will consist of seven investment projects.
“Projects that improve people's quality of life will be supported,” claims Tadashi Maeda
Improving the quality of people's lives will be a priority, which Japanese investors would like to focus on when implementing common projects. This was stated by the head of the Japan Bank for International Cooperation (JBIC) Tadashi Maeda following the meeting with the interim head of Yakutia Aisen Nikolaev.
4 new manufactures of Yakutia included in the state program of economic development of the Far East
24 investment projects with a total investment of 147 billion rubles are approved for inclusion in the state program "Social and Economic Development of the Far East and the Baikal Region"
60% of ALROSA’s investments are used for diamond mining development – Sergei Ivanov
In 2016, ALROSA’s investments in underground mines and other core production facilities amounted to RUB 16.5 billion or 60% of the Company’s total capital investments. Over RUB 7 billion was allocated to technical upgrade and replacement of worn-out equipment, RUB 2.7 billion was invested in ancillary facilities. Such figures were announced summarizing the results of the Annual General Meeting of Shareholders.
Advanced Development Zone to open Diamond Cutting Complex
‘Kangalassy’ Advanced Development Zone plans to open a diamond-cutting complex. SAYBM - A subsidiary of JSCB "Almazergienbank" builds production premises for collective use, in which it will install lapidary equipment, as told by General Director of the Management Company of ‘Kangalassy’ Dmitry Borisov.
Almazergienbank placed bonds in St. Petersburg
Almazergienbank JSCB, the largest Republican Bank placed its exchange bonds on St. Petersburg Stock Exchange through the Voskhod investment system. Trading was symbolically launched by Chairman of the Government Evgeny Chekin, when he drummed the Yakut tambourine.
ALROSA rating upgraded to investment grade
The international Moody's rating agency upgraded ALROSA's rating to investment grade Baa3. At the same time, the Company was assigned a
outlook on the ratings, writes Kommersant.
ALROSA Supervisory Board instructed to increase sales by $ 108 million in 2017
The Supervisory Board of ALROSA instructed the top management to provide an increase in sales of core products by 108 million dollars during the formation of the consolidated budget of 2017, the Company reported.
Anton Safronov: Yakutia lacks development of local production
The authorities of Yakutia need to take measures to fully employ the existing enterprises in the region through stimulating demand. Minister of Investment Development and Entrepreneurship Anton Safronov said this during the meeting with the head of the republic on stimulating the development of local production of goods and services.
Eastern Economic Forum — Day Two Summary
Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP
The main event on September 7th at the Eastern Economic Forum was the plenary session that included the presidents of Russia, South Korea, and Mongolia, and the Japanese PM
Egor Borisov has summed up two-day visit to Japan
December 16, the last day of his working visit to Tokyo, Egor Borisov took part in official events at the international level within the framework of the Russian President's visit to Japan.
Egor Borisov: Investment portal of Yakutia should be attractive and useful for investors
Egor Borisov, when discussing the target model
"Quality of investment portal of a constituent entity of the Russian Federation,"
said that the investment portal of Yakutia should be attractive and useful for future investors of the republic.
Electricity tariff to decrease by 50%
In 2015, President Vladimir Putin instructed the government to reduce the price of electricity for industrial enterprises of the Far East. Now the average rate in Russia is 3.19 rubles per kilowatt, and in the Far East it ranges from 3.34 to 9.2 rubles.
Far East received $ 25 billion of investment within two years
Within two years the Far East received 25 billion dollars of investments, said Deputy Prime Minister - Plenipotentiary Representative of Russian President in the Far Eastern Federal District Yuri Trutnev in Hanoi at the "round table" with representatives of the Vietnamese businesses interested in working with Russia.
How to Attract Private Investment into Developing the Infrastructure of Russia’s Far East?
How will Yakutia develop in the coming years?
The head of the Republic of Sakha (Yakutia), Egor Borisov, spoke about the principles according to which the region will develop in the coming years at the meeting with the leaders of the executive and representative bodies of the Yakut Autonomous Soviet Socialist Republic and the Republic of Sakha (Yakutia) of different years. The event was dedicated to the Day of the Republic of Sakha (Yakutia), the 95th anniversary of the formation of the YaSSR and the 25th anniversary of the adoption of the Constitution of Yakutia.
Investment boom in Yakutia
Yakutia is experiencing an investment boom, said the head of the largest region of Russia Egor Borisov on December 14 at the discussion session of the Valdai Club "Turning Russia to the East: The Next Decade."
Investment program of Yakutia increased by 2.7 billion rubles
The investment program of Yakutia in 2017 was increased by 2.7 billion rubles and will amount to 18.1 billion rubles owing to the receipt of federal funds, gratuitous receipts and transfer of funds, the first Deputy Minister of Economy of the republic, Maya Danilova, said during the government session, TASS reports.
Investments in Kangalassy Industrial Park will amount to 10.3 billion rubles
The total investment in ‘Kangalassy Industrial Park’ Advanced Development Zone for 2016-2028 will be 10.3 billion rubles.
Investors from Japan in Yakutia on a working visit
Three major Japanese investors arrived in Yakutia for a series of meetings with potential partners.
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