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16 February '18

Republic of Crimea to Sign Investment Agreements at YIEF 2018 Following Negotiations in Sochi

The authorities of the Republic of Crimea are to sign a number of agreements with investors during the Yalta International Economic Forum (YIEF). According to Sergey Aksyonov, Head of the Republic of Crimea, a relevant accord was reached at the Russian Investment Forum in Sochi.

“The Crimean delegation held fruitful negotiations in Sochi”, said Mr Aksyonov. “Following the Forum, three new cooperation agreements were concluded with constituent entities of the Russian Federation (the Penza, Ryazan and Yaroslavl Regions) and five action plans to existing agreements (with the Leningrad, Samara and Ulyanovsk Regions, Ingushetia and Chuvashia) were also signed. An investor agreement on implementing an investment project for construction of a shopping centre with a production unit in Alushta was also executed. This agreement stipulates investor social commitments, specifically, stadium reconstruction and building of a new fence around Malomayakskaya School. Several other investment agreements will be signed at the Yalta International Economic Forum and relevant arrangements were made in Sochi.”

A presentation demonstrating the opportunities offered by the Yalta International Economic Forum attracted the attention of Russian Investment Forum participants and guests. The YIEF exhibition stand in the exhibition hall of the Republic of Crimea was open for only two days during the Forum and sparked considerable visitor interest at one of Russia’s major business events. The stand displayed exhaustive information about YIEF opportunities and prospects, the results of the first three forums and terms for participating in YIEF 2018 on 19–21 April in Yalta.

“We arranged an annual cycle of Yalta Forum presentations at major business platforms in Russia”, said YIEF Director Sergey Lazutkin. “With each passing year, the participants in the Big Three Economic Forums in Russia are demonstrating growing interest in our event. These efforts have resulted in an ever increasing number of YIEF participants and Forum guests.”

Representatives of most Russian regions, as well as businesspeople and politicians from 60 countries, are expected to take part in YIEF 2018. The Forum will host over 3,000 participants for the first time ever.

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