Yalta International Economic Forum Information portal

+7 (812) 6430709

Yalta International Economic Forum Information portal

+7 (812) 6430709

10 March '17

YIEF Participant Establishes a Vineyard in Crimea’s Bakhchysarai District

YIEF Participant Establishes a Vineyard in Crimea’s Bakhchysarai District

With the participation of Sergei Aksyonov, Head of the Republic of Crimea, winegrowers have established the first vineyard of Russian investor OOO Invest-Alko in Crimea’s Bakhchysarai District. The company intends to share what it achieved during the first year of operation in Crimea in April, at the Third Yalta International Economic Forum.

Invest-Alko has already invested RUB 132 m in the peninsula’s agricultural sector. On 10 March, the supplier of raw materials for Vinny Dom Fotisal launched the first stage of the wine grape growing project. Invest-Alko intends to establish 400 hectares of vineyards by the end of the year and plans to plant about 500 hectares each subsequent year.

The company concluded an investment agreement with the Government of the Republic of Crimea on 28 March 2016 and, in just one month, it became a resident of the Free Economic Zone

“In 2016, within six months of the investment agreement being concluded, our company executed land plot lease contracts, delivered modern equipment to the site, filed an application for the equipment modernisation subsidy, and received the first subsidy. Thanks to FEZ member status, when delivering the machinery and planting material to Crimea, we were granted benefits in the amount of RUB 11 m”, said Olga Plenkina, OOO Invest-Alko’s General Director.

According to her, the investment project involves establishing 750 hectares of vineyards and 280 hectares of orchards. “Under the investment agreement, RUB 781 m is to be invested in vineyard establishment. During the initial six months of operation in Crimea, the investment amount already reached RUB 132 m. We have imported the planting material from Europe but are planning to start our own nurseries in Crimea, as there is a shortage of plants for the vineyards”, Ms. Plenkina said.

Invest-Alko intends to participate in the Yalta International Economic Forum’s section dedicated to winegrowing and winemaking. The investor is going to share its experience of operating on the peninsula. “Our company is planning to take part in the Yalta International Economic Forum to show what we have already achieved during one year of operations in Crimea and prove, by our own example, that it’s the best time to work in Crimea. One could and should work here, and everything works out well”, said General Director Olga Plenkina.

“We’d like to see the investors who concluded investment agreements in 2015 and 2016 telling more about their activity at the Yalta International Economic Forum. There’s no better promotion than comments by the people who have already experienced the local environment”, Sergei Aksyonov, Head of the Republic of Crimea, said during the vineyard establishment. “Prior to the Forum, I am going to meet each and every investor and am ready to have a personal discussion with each of them during the Forum, so that they might achieve good results as soon as possible.”

He said that the Government of Crimea aimed to increase the area of vineyards in Crimea up to 30 thousand hectares. At the moment, only about 10 thousand hectares of vineyard land is being cultivated in Crimea. Sergei Aksyonov reminded that there were about 100,000 hectares of vineyards in Crimea in Soviet times.

 

Contacts for media accreditation and organisation of interviews with YIEF participants:

Tel: +7 (812) 645 55 51, +7 (365) 423 06 90, +7 (978) 900 28 08

Email: media@forumyalta.com,

www.forumyalta.com