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  Wednesday, June 19, 2019
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Vladimir Putin lauded Petersburg authorities for good work with investors
Russian President Vladimir Putin lauded Petersburg authorities for good work with investors. "It's gratifying to see that investors select St. Petersburg; it shows that the city is creating favorable conditions for them; the city authorities and the governor should be credited with it," the head of state said at a conference on investment projects in Russia's second largest city on Tuesday. "Projects of such companies as Severstal, Russian Standard, Knauf, Toyota, Bosch and ELCOTEQ have been successfully implemented in St. Petersburg in the past three years," he stated. The president also noted a stable growth of production in the key branches, a steady increase in city residents' wages and a three- to four-fold increase in foreign investments in the non-financial sector in the first half of this year. "It's a good indicator," Putin said. At the same time, he demanded that the Russian Cabinet and St. Petersburg authorities continue to work with investors, including foreign ones. "We have to keep raising this investment target, by actively working with investors and preventing the situations when accords are cancelled," the head of state said. "Facilities in St. Petersburg are a sort of a business card of investment cooperation," Putin said, "so today, we have not only to carefully analyze the implementation of the ongoing projects, but also ensure their uninterrupted funding and the creation of administrative-legal relations for their implementation, control over work and a high level of management." Putin underlined that he was "very much hoping that tremendous resources would be realized in the best possible way for the good of Petersburg and the whole Russia."
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