KARELIA A PERFECT FIT FOR YOUR INVESTMENT
2019 KARELIAINVEST.RU
INVEST IN RUSSIA
CONTENT
Infrastructure for business. Development indicators ...... 4 Key industries: Forestry ...... 24 Fishery ...... 28 Mining ...... 34 Tourism and recreation ...... 38 Success stories. Foreign investors in Karelia ...... 44 Support of investment activities ...... 54
INFRASTRUCTURE FOR BUSINESS. I DEVELOPMENT INDICATORS GEOGRAPHIC LOCATION
Murmansk region
SWEDEN
Kostomuksha
Stockholm 1300 km FINLAND Republic Kem of Karelia Belomorsk
Segezha The Baltic Sea Helsinki
740 km Sortavala Kondopoga Tallinn 800 km Petrozavodsk Saint-Petersburg 412 km
Riga ESTONIA 990 km Leningrad region
LITHANIA LATVIA Vologda region Pskov Novgorod 710 km 510 km Vologda Vilnius Novgorod km 990 km 930 region Pskov Tver region Yaroslavl region region BELARUS Yaroslavl Moscow Tver 1100 kmкм km Minsk 1000 850 km 1300 km OVER
45 MLN. PEOPLE INFRASTRUCTURE FOR BUSINESS live within a 1000 km radius from Petrozavodsk
• total area: 180,5 thousand square kilometers; • population: 618,1 thousand people; • capital: city of Petrozavodsk; • in the South Karelia borders on the Leningrad and Vologda regions, in the North – on the Murmansk region, in the East – on the Archangelsk region. In the North-East the region is washed by the White Sea. The western border of Karelia coincides with the state border of Russia with Finland and is 798 kilometers long.
INVEST IN RUSSIA 7
INFRASTRUCTURE FOR BUSINESS 9
RUSSIA INVEST IN
А-121 Sortavala
Petrozavodsk А-119
Passenger airline service The White Sea-Baltic Sea Canal International border-crossing points Port Airport/airdrome
А-137
Vologda-Medvezhiegorsk
Kola R-21 state border railroad (main directions) motorway (main directions) region border Р-21 Kola – Kostomuksha - state border - state – Kostomuksha Р-21 Kola International federal airport International federal
1 port, open for vessels under foreign states flags open for vessels • 1 port, • (port of Petrozavodsk) the White Sea• The White Sea-Baltic Sea Canal, connecting the White Sea and having an exit to with the Onego lake waterway and the Volga-Baltic 3 federal highways 3 federal FUEL & ENERGY COMPLEX
Kumskaya HPP
GDS Loukhi
GDS Sovporog PRIONEZHSKIY DISTRICT VerkhovieВерховье Matkachi st.Shuiskaya Chalna Shuya GDS Kalevala Nizhniy Meliorativnyi 2 Besovets Solomennoe 1 Military Novaya SKZ Krivoporozhskaya HPP town Vilga GDS Kem Peski GDS Kostomuksha Putkinskaya HPP Вил га GDSSevernaya GDS Belomorsk
GDS Yuzhnaya Ptitsefabrika GDS Ledmozero KONDOPOGA REGION Ondskaya HPP GDS Segezha
GDS Berezovka РС Spasskaya Guba Bolshoe Martsialnye Kondopoga Voronovo GDS Brusnichnaya Vody
s. Konchezero GDS Medvezhiegorsk
GDS Pyalma JSC «Kondopoga» CHPPlant GDS Berezovka Small HPP Ryumyakoski
GDS Pudozh Small HPP Kalliokoski GDS Yuzhnaya GDS Sortavala Petrozavodsk CHP Plant Small HPP Lyaskelya GDS Ikhala GDS Pitkyaranta GDS Ladva
INFRASTRUCTURE FOR BUSINESS 11
RUSSIA INVEST IN
Small HPP’s Beloporozhskaya 1 & 2 (perspective) Existing gas pipeline Perspective gas pipeline CHP plant HPP
2 1 2
BY THE YEAR 2020BY AVERAGE POWER DENSITY AVERAGE 56,2 MW OF THE SMALL PLANNED CAPACITY HYDROPOWER IN KARELIA 0,06-8,96 KW/KM AND STREAMSOF THE SMALL RIVERS IN KARELIA
Substation 300 kW Substation 200 kW ETL 330 kW Substation 330 kW, ETL 330 kW (in operation by 2018) ETL 220 kW Potential for smallPotential in Karelia hydropower
by the Nord Hydro company http://resources.krc.karelia.ru/, Source: Rosstat,
6,4 MW
KW/KM SPECIFIC POWER AVERAGE 700-900 STREAMSOF SMALL RIVERS AND IN KARELIA INSTALLED CAPACITY CAPACITY INSTALLED OF THE SMALL HYDRO POWER PLANTS IN KARELIA IN OPERATION HUMAN RESOURCES
Secondary 618,1 vocational education THOUSAND PEOPLE POPULATION 13,5 284,2 THOUSAND STUDENTS THOUSAND PEOPLE NUMBER OF ECONOMY 15 WORKERS EDUCATIONAL INSTITUTIONS
Key education 39 trends:
THOUSAND RUBLES • Road construction sector AVERAGE SALARY • Electric power IN 2015 • Heating • Machine building • Materials engineering • Mining sector • Healthcare • Forest-industry complex
Mine: Statistical digest “Socio-economic situation of the Republic of Karelia for 2018» 12 Assessment of the Ministry of economic development and industry of the Republic of Karelia INFRASTRUCTURE FOR BUSINESS 13
RUSSIA
INVEST IN STUDENTS THOUSAND AQUAVITA Automated fry breeding complex – regulation of oxygen and temperature in the fish nursery. Creates conditions for the year-round fish breeding.
2 11,7 2
chairs, BRANCHES Incl. 79
PROGNOSIS Program-methodical complex for numerical calculation of characteristics of the human resources in the subjects of the Russian Federation. 4 4 HIGHER EDUCATION INSTITUTIONS
educational institutes, educational institutes, 6
patents, received as a result of scientific research patents, received laboratories, design and design-and-engineering laboratories, design and departments, technology parks 17 Higher education departments Examples of successful developing: Examples CARDIACARE System of automated distant diagnostics. The service lets analyze the ECG, detecting 2 1 different types of irregular heart rate in real time. 84 Petrozavodsk State University: Petrozavodsk 10 DEVELOPED DEPOSITS AND RESERVES
525 DEVELOPED DEPOSITS MOLYBDENUM IRON ORES 35 129 THOUSAND TONS 1.1 BILLION TONS TYPES OF SOLID COMMERCIAL MINERALS
50% OF THE RUSSIAN RESERVES GOLD PLATINUM GROUP OF CHROME ORES 40 TONS ELEMENTS 1ST PLACE IN RUSSIA 187 TONS ONE OF THE LARGEST IN THE WORLD DEPOSIT OF PLATINUM GROUP METALS, SUITABLE FOR OPEN EXTRACTION
THE ONLY IN RUSSIA «UNCONFORMITY» TYPE URANIUM DEPOSIT CHROME URANIUM 28 MILLION TONS 3 THOUSAND TONS
14 Source: Data by the Ministry of Economy of the Republic of Karelia, Rosstat, companies data. INFRASTRUCTURE FOR BUSINESS 15
RUSSIA INVEST IN RESOURCES TER RESOURCES INDUSTRIAL WATER INDUSTRIAL WATER 23 THOUSAND M3/DAY 34 THOUSAND M3/DAY - WA DRINKING QUALITY PEAT STONE SANDS 3.3 BILLION M3 20 MILLION M3 CONSTRUCTION CONSTRUCTION 323 MILLION TONS COVER STONE COVER 2.7 BILLION M3 172 MILLION M3 193 MILLION M3 CRUSHED STONE SAND AND GRAVEL INDUSTRIAL LOCATIONS
Industrial park Nadvoitsy
General information Type of location Greenfield Permissible danger class III–V Specialization Industry Status Under construction
Infrastructure Land plot 17.4 ha Heat energy 7 Gcal/hour Electricity supply 5MW Water supply 80m3/h
Transport availability Distance to town 0 km (in the town of Nadvoitsy) Distance to Petrozavodsk 287 km Distance to the railroad 0.5 km
16 Source: Development Corporation of the Republic of Karelia INFRASTRUCTURE FOR BUSINESS 17
RUSSIA INVEST IN
: of new jobs, established during the first year Requirements for PDARequirements residents’Nadvoitsy projects 2,5 MILLION RUBLES Minimal capital investment during the first year 10 Minimal number
Non-metal goods production Hotels and cork Wood processing,Wood manufacture of wood products
Textile good Textile Cafes and restaurants Metal goods production production Priority Development Area Nadvoitsy Area Development Priority INDUSTRIAL LOCATIONS
Industrial and Technology Park Yuzhnaya Promzona (Southern Industrial Zone)
General information Type of location Brownfield Specialization Stone working Status 1st stage of production building reconstruction in progress
Infrastructure Land plot 7,9 ha Electricity supply 10 MW Gas supply 4 100 м3/h Water supply drain system, storm-water drainage system Telephone and Internet connection Leasable areas from 150 to 21 000 sq. m.
Transport availability Distance to town 0 кm (Petrozavodsk) Distance to Saint-Petersburg 436 кm
18 DEVELOPMENT INDICATORS 19
2018 10. RUSSIA INVEST IN 210 01. на на
20182018 270,0270,0 2017 251
2017 2017 2016 252,7252,7 188
2015 2016 2016 155,6 231,4231,4
2014 Source: Central bank of the Russian Federation Source: Statistical book « Key indicators of a system of national accounts of the Republic of Karelia» 2019 system of national accounts of the Republic of Karelia» indicators of a Source: Statistical book « Key Investment Direct Foreign million $ of investment, Volume GRP, Billion rubles DEVELOPMENT INDICATORS DEVELOPMENT 20152015 231 212,0212,0 FOREIGN ECONOMIC ACTIVITIES
Import Million $
Finland 22% Estonia 9,6% Sweden 7%
Other 61,4% 155.6 188 251 210 2015 2016 2017 2018
20 Source: Regional authority of statistics DEVELOPMENT INDICATORS 21
%
RUSSIA 61,7% 22% 8,5 7,8% INVEST IN
Turkey Other Finland Netherlands
2018 1269
2017 1131
2016 741
Source: Regional authority of statistics Export Million $
2015 735 KEY PRODUCTS. SHARE OF KARELIAN COMPANIES IN THE NATIONAL PRODUCTION
>70% 60% CAGE CULTURE TROUT PAPER BAGS AND PACKAGING «KALA JA MARJAPOJAT» LLC «SEGEZHA PACKAGING» LLC
44% 18% NEWSPAPER PAPER PAPER JSC «KONDOPOGA» JSC «KONDOPOGA» JSC «SEGEZHSKIY PPM»
22 1,2% 13% MUSSELS PULP DEVELOPMENT INDICATORS «RK-GRAND» LLC
21,6% 11,1% IRON-ORE PELLETS IRON ORE JSC «KARELSKIYOKATYSH» JSC «KARELSKIYOKATYSH»
INVEST IN RUSSIA 23 24 KEY INDUSTRIES II FORESTRY
25 SHARE OF KARELIAN COMPANIES IN THE INDUSTRY
Share of Karelian companies in the national production, 2018 (assessment), %
1st PLACE IN RUSSIA IN PAPER PRODUCTION
56 44 11
PAPER BAGS AND PACKAGING NEWSPAPER PAPER PAPER
8,7 2,8 13
INDUSTRIAL NON-PROCESSED PULP CHIPS WOOD
26 FORESTRY 27
RUSSIA INVEST IN
PULP 3,9 4,4 FOREST HARVESTING
PAPER 4,1 49,4 №1 in Russia SAWN WOOD PRODUCTS Source: Statistical book «The Republic of Karelia in Figures. 2018» of Karelia Republic Source: Statistical book «The Share of Karelian companies Karelian Share of in Russia, of the industry gross profit in the total 2016, % 28 KEY INDUSTRIES III FISHERY
29 KEY INDUSTRY INDICATORS
Share of Karelian companies in the national production, 2018, %
>70 №1 in Russia 11,4 1,2
CAGE CULTURE SURIMI AQUACULTURE TROUT PRODUCTS PRODUCTS
30 Source: Statistical book «The Republic of Karelia in Figures. 2018» Profit dynamics in the industry, %
2015 2016 2017 FISHERY
Return on Total Assets, % Karelia 12,7 20,2 15,2 Russia 23,8 26,9 19,1 Cost to Revenue Rate, % Karelia 46,6 101,6 75,8 Russia 54,3 54,5 43,8
INVEST Source: Statistical book «Regions of Northwestern Federal District. Socio-economic indicators, 2017». IN RUSSIA 31 KEY INDUSTRY INDICATORS
Key companies of the fisheries industry, 2018
Fishing, tons
Company Quota Fish caught 2018/17, % Валовая CAGR 3 прибыль, лет, % ность в млрд руб Fishing company России, % 26 084,4 26 608,4 97,8 «Virma» LLC вая прибыль в Рентабель - рентабель - Средняя вало - Средняя JSC «Alternativa» 18 514,3 19 024,7 86,5
«Soglasie» LLC 19 247,6 18 269,7 118
32 Source: Data by the Ministry of Agriculture and Fisheries of the Republic of Karelia FISHERY 33
RUSSIA
INVEST IN 781 725,6 Sent to own processing
Including commercial fish
3 285 2 470 2 439 2 170 1 650 2 684,4 2 383 Fish bred Fish
Company «Parad-plus» LLC «Kala ja MarjaPojat» «Kala ja MarjaPojat» LLC «Russkoe More Aquaculture» LLC Aquaculture, tons Aquaculture, Source: Data by the Ministry of Agriculture and Fisheries of the Republic of Karelia Source: Data by the Ministry of Agriculture and Fisheries of the Republic 34 KEY INDUSTRIES IV MINING
35 KEY INDUSTRY INDICATORS
Karelian companies share in the national production 2018, %
21,6 6,2
IRON-ORE PELLETS AGGREGATES
11,1 7,7
IRON ORE PEBBLE, GRAVEL, CRUSHED STONE
36 Source: Statistical book «The Republic of Karelia in Figures. 2018» MINING 37
RUSSIA ounces Cu, mln 220,6
INVEST IN
ounces Au, mln
ounces Pt, mln Mineral resources, identified and inferred Mineral resources, identified
4,2 4,2 1,4 0,9 ounces Pd, mln Polymetal International plc (LSE, Moscow Exchange:Polymetal International plc (LSE, Moscow plans to finish the FS for ore reserves ADR: AUCOY) POLY, III 2019. Ifassessment at the Viksha deposit in quarter based on the project, of the the decision on development at the deposit the production results of the FS, is positive, may start by 2022. Perspective lines of developmentPerspective industryof the mining in Karelia of the largest deposits of theViksha deposit is one (PGM), suitable for openPlatinum group metals extraction, in the world.
TOURISM KEY INDUSTRIES V AND RECREATION
38 KEY INDUSTRY INDICATORS 2018 YEAR
800 thousand people Number of organized tourists and excursionists TOURISM AND RECREATION
1 100 million rubles Volume of extra-budgetary investment in the tourist infrastructure of the Republic of Karelia
2 512,5 million rubles Volume of tourist-and-recreation and hotel services
Up to 3 million nights a year Can be provided by the tourist complex in the republic’s lodging facilities
39 SUCCESS STORY
Kivach Clinic
20 years of work, 10 thousand patients; 550 employees, 68 highly qualified doctors; The Clinic’s services are popular among customers from 30 countries, including the European Union countries; 8th place in the tourist sector in the gross profit; Gross profit rate of return –37,3% % (average in the industry – 10.1); CAGR 5 years in the gross profit –28,6% (average in the industry – 16.3%); 2 branches:
KIVACH KIVACH Clinic Medical & SPA center, in Saint-Petersburg Hotel Karelia
40 КЛЮЧЕВЫЕTOURISM ОТРАСЛИ AND RECREATION 41
RUSSIA INVEST IN
New accommodation places New jobs Objects of supporting infrastructure Objects of tourist attractions Objects of tourist New tourist complexes TOURISM IN RUSSIANTOURISM IN (2019-2025)» FEDERATION OF DOMESTIC AND INBOUND AND OF DOMESTIC FEDERAL TARGET PROGRAM TARGET FEDERAL «DEVELOPMENT 550 1 007 19 23 11 PARTICIPATION IN FEDERAL TARGET PROGRAM TARGET FEDERAL IN PARTICIPATION Kivach Clinic Kivach TOURIST AND RECREATION CLUSTER «LEGENDS OF KARELIA»
11 tourist centers in 5 districts of republic (Pryazha, Sortavala, Pitkyaranta, Kondopoga and Prionezhie), connected in one route network.
4 272,7 million rubles. General volume of investment in cluster projects, including:
1 018,2 million rubles Federal budget resources
254,5 million rubles Republic of Karelia budget resources
3 000 million rubles Extrabudgetary sources
42 KEY TOURIST DOMINANTS
KIZHI MOUNTAIN PARK The object of the UNESCO World RUSKEALA Heritage List. Finalist of the contest The best destination for leisure Seven Wonders of Russia. One of according to The Guardian. Enters the 10 visual symbols of Russia the top-5 best places for diving in the world according to the Na- tional Geographic
PETROGLYPHS VALAAM The largest accumulation of the ARCHIPELAGO Stone Age drawings in the Euro- Enters the UNESCO World Heritage pean part of Russia Preliminary List since 1996, № 572
43 44 SUCCESS STORIES. Vl FOREIGN INVESTORS IN KARELIA
45 SUCCESS STORIES.FOREIGN INVESTORS IN KARELIA
WOOD PROCESSING COMPLEX IN IMPILAHTI («SETLES» LLC) 1.6 billion rubles 97 Stora Enso Oy Public company http://www.storaenso.com Phone: + 46 1046 46000 The Stora Enso Concern is the world’s leading producer of packaging materials, paper and sawn timber goods. It includes 85 production facilities i n more than 35 countries of the world, where 27 thousands employees work. The consumers of the concern are publishing and printing houses, wholesale paper buyers and companies form packing, woodworking and construction sectors.
46 PRODUCTION OF WIRING FOR VEHICLES IN KOSTOMUKSHA («AEK» LLC) 1145 PKC Group Oyi Public company http://www.pkcgroup.com/ Phone: + 358 20 1752 111 PKC Group is operating in two segments of the market: electric wiring systems and electronics. The company is involved in designing and contract production of electric distribution systems, wires and cables, wiring components and electronics. The concern’s enterprises supply their production and services mainly to the industrial sectors involved in production of commercial and passenger vehicles, car manufacturing and electronics.
47 SUCCESS STORIES. FOREIGN INVESTORS IN KARELIA
CRUSHED STONE PRODUCTION FROM THE DENSE GABBRO ROCK (CJSC «KP-GABBRO») 1.2 billion rubles 90 Basalt AG Private company http://www.basalt.de/ phone: 02644 563-0 The holding network, uniting over 150 production companies, one of the largest in the world producers of construction materials. The main products of the Basalt AG companies are blended asphalt, high-quality crushed stone of different fractures, materials for construction of the ballast bed of railroads, stone for stabilizing the coastal line of canals and rivers.
48 PRODUCTION OF NONMETALLIC MATERIALS IN PRIONEZHSKIY AND PUDOZHSKIY DISTRICTS 0.4 billion rubles 360 LafargeHolcim Group Public company http://www.lafargeholcim.com/ phone: + 41 58 850 68 68 The LafargeHolcimcompany is established in 2015 after the merger of Lafarge and Holcim companies. The LafargeHolcim Group, represented in 90 countries,is the world leader in construction materi- als production: cement, nonmetallic materials and concrete. The Group consists of 2.5 thousand enterprises with 115 thousand employees.
49 SUCCESS STORIES. FOREIGN INVESTORS IN KARELIA
SURIMI GOODS PRODUCTION (GK «KARELSKIY KOMBINAT») Hermes-Sojits Private company http://www.hermes-sojits.com/ phone: + 81 50 5806 6800 The Investment Fund Hermes-Sojits is an internation- al alliance of Asian and European shareholders. The Fund focuses on emerging markets and invests in mineral resources deposits developing in the oil-and- gas and metallurgy sectors, real estate development and food industry.
50 FISHING EQUIPMENT PRODUCTION IN Khelyulya (RAPTEK LLC) Rapala VMC Corporation Public company http://rapala.fishing/ phone: + 358 9 7562 540 The producer of fishing equipment. Specializes in production of artificial baits – wobblers, fishing hooks, fillet knives for cutting fish, other fishing devices, tourist clothes. The main factories of the company are located in Finland, France, Estonia, Russia and China. At present the company owns the following trademarks: Rapala, VMC, Storm, Blue Fox, Luhr Jensen, Williamson, Marttini, Dynamite Baits and Sufix.
51 ИСТОРИИ УСПЕХА. ИНОСТРАННЫЕ ИНВЕСТОРЫ В КАРЕЛИИ
52 CONSTRUCTION OF SMALL HPP’S BELOPOROZHSKAYA 1 AND 2 IN KARELIA The Russian Direct Investment Fund Nord Hydro China State Energy Engineering Corp. Ltd. (Sinomec) State company http://sinomec.com.cn/en/ phone: + 86 21 60866668 The Chinese state energy corporation.
53 54 INVESTMENT ACTIVITIES Vll SUPPORT
55 DEVELOPMENT INSTITUTES
Development Corporation of the Republic of Karelia
• Administration and implementation of investment projects in a one- stop shop mode • Export Support Centre • Cluster Development Centre • Regional Engineering Centre • Social Sector Innovation Centre • Center for Certification, Standardization and Testing • Entrepreneurship Support Centre of the Republic of Karelia • Business Incubator • Arts and Crafts Centre
56 State support of investment activities and entrepreneurship
• State guarantees of the Republic of Karelia; • Subsidizing part of the loan interest payment costs (Central Bank rate plus 2 percent); • Preferential conditions for the use of land and other real estate; • Preferential procedure of granting land plots (without auction); • Decreased rental fee rate for using of real estate objects and land plots (1% of the cadastral cost of the land); • Investment tax credit; • Subsidies from the budget of the Republic of Karelia for partial compensation of the cadastral works cost; • Partial compensation of expenses for the purchasing of machinery and equipment (up to 90%); • Compensation of the costs for building and (or) reconstruction of buildings and facilities intended for industrial use (up to 90%); • Provision of target grants to first-time small entrepreneurs to establish their own business; • Compensation of expenses for activities related to technological connection to the electric grid facilities (up to 50 %); • Compensation of expenses related to the payment of lease payments under finance lease agreements (up to 70 %).
*The status of an investment project of the Republic of Karelia is granted according to the Law INVEST of the Republic of Karelia of March, 5 2013 № 1687-ZRK IN RUSSIA 57 INVESTMENT AND BUSINESS SUPPORT
Small and medium-sized business credit assistance fund (Micro-credit company)
• Providing of guarantees for loans and other debt obligations to small and medium-sized business; • Providing microcredit to small and medium-sized business at the rate of 5.5% per annum in the amount of not more than 3 million rubles up and for up to 3 years.
Industry development fund
• Providing loans from 5 to 100 millions rubles at the rate of 5 & per annum for industry projects.
58 TAXATION MEASURES
PSEDA«Nadvoitsy» Regional projects and «Kondopoga» Russia in Karelia* residents
5% 13,5% (first 5 years) Corporate profit tax 20% (no longer than 10% 7 years) (next 5 years)
Corporate property tax 2,2% 0 0
Land tax 1,5% 0 0
Insurance premiums to the non-budgetary 30% 30% 7,6% funds (first 10 years)
Tax vacation First 2 years First 2 years
STS 15% 0 0
Patent system taxation 6% 0 0
*The status of an investment project of the Republic of Karelia is granted according to the Law of the Republic of Karelia of March, 5 2013 № 1687-ZRK 59 INVESTMENT ACTIVITIES LEGISLATION
• Law of the Republic of Karelia of March, 5 2013 № 1687-ZRK «On the State Support of Investment Activities in the Republic of Karelia»
• Law of the Republic of Karelia of July, 3 2008 № 1215-ZRK «On Some Issues of Development of the Subjects of Small and Middle-sized Entrepreneurship in the Republic of Karelia»
• Law of the Republic of Karelia of July, 16 2015 № 1921-ZRK «On Some Issues of Implementation in the Republic of Karelia of the subitem 3 of item 2 of article 39.6 of the Land Code of the Russian Federation»
• Law of the Republic of Karelia of December, 30 1999 №384-ZRK «On Taxes (tax rates) in the Territory of the Republic of Karelia»
• Regulation by the Government of the Republic of Karelia of 22.07.2013 № 224-P «On Approving the Order of Holding the Competitive Selection of Investors for Acquiring Rights to Receive State Guarantees of the Republic of Karelia»
60 • Regulation by the Government of the Republic of Karelia of 22.02.2000 № 44-P «On Approving the Order of Leasingand Handing over for Free Use the Property, Being the State Property of the Republic of Karelia». INVESTMENT ACTIVITIES SUPPORT • Regulation by the Government of the Republic of Karelia of 09.06.2013 № 218-P «On Approving the Order of Designating Municipal Formations in the Republic of Karelia as the Areas of Investment Stimulation»
• Regulation by the Government of the Republic of Karelia of 14.10.2013 № 311-P «On Approving the Order and Terms for Concluding Investment Agreements on Providing the Investor with Tax Preferences»
• Regulation by the Government of the Republic of Karelia of 26.11.2013 № 346-P «On Approving the Order for Holding a Competitive Selection of Investment Projects for Providing Investors with Subsidies from the Budget of the Republic of Karelia for Partial Compensation of Loan Interest Costs Payment, Received for Financing Investment Projects»
INVEST IN RUSSIA 61 INVESTMENT ACTIVITIES LEGISLATION
• Regulation by the Government of the Republic of Karelia of 09.06.2013 № 218-P «On Approving the Order of Designating Municipal Formations in the Republic of Karelia as the Areas of Investment Stimulation» INVESTMENT ACTIVITIES SUPPORT • Regulation by the Government of the Republic of Karelia of 14.10.2013 № 311-P «On Approving the Order and Terms for Concluding Investment Agreements on Providing the Investor with Tax Preferences»
• Decree by the Government of the Republic of Karelia of 31.12.2008 № 533r-P «On Approving the List of Assets of the Republic of Karelia, Free of the Third Parties Rights (excluding the property rights of the subjects of small and middle-sized entrepreneurship)»
• Decree by the Government of the Republic of Karelia of 24.06.2013 № 505r-P «On Approving Priority Economy Trends in the Republic of Karelia for Provision of the State Support to Investment Activities»
INVEST 62 IN RUSSIA
INVEST IN RUSSIA
Ministry of Economic Development and Industry of the Republic of Karelia 185028, Republic of Karelia, Petrozavodsk, Andropov st. 2 e-mail: [email protected]. http://economy.karelia.ru phone: + 7 (8142) 79 23 00, 79 23 05 Investment portal http://kareliainvest.ru phone: + 7 (8142) 79 23 60, 79 23 65 Portal of small and middle-sized entrepreneurship of the Republic of Karelia http://smb10.ru phone: + 7 (8142) 79 23 60, 79 23 65
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