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Luxemburg to Invest €25bn in Russia’s Economy
The capital funds of Luxembourg will invest €25 billion in the RF economy, Jeannot Krecke, who is the economy minister of that country, told RBC. Mr Krecke is in Sochi now, heading the delegation of businessmen (roughly 30) that visited the Krasnodar region.
Krecke said they have established cooperation with a few regions of Russia where they are injecting big money. The capital funds of Luxemburg plan to invest €25 billion in Russia’s economy this year.
But the Krasnodar region has been out of the list of regions, where Luxembourg established its business contacts. The fruitful cooperation will begin after this visit, Krecke hoped.
Power engineering, metallurgy, hotel industry are amid potential directions of cooperation, the minister specified. The meeting of businessmen from Chambers of Commerce of Sochi and Luxembourg has been slated for June 11.
The current visit is the fact-finding, Krecke made clear, pointing out that they will have clearer understanding of cooperation potential between the Krasnodar region and Sochi till and after 2014.
Krecke invited the delegation of Krasnodar region to Luxemburg, where the region will be presented in April 2009.
kommersant.com
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Photo: Dmitry Chebotaev
