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The Vietnamese TH Milk began construction of a dairy plant in Special economic zone Kaluga (Russia). Investments in the enterprise will amount to 6.7 billion rubles. «The project, which the Vietnamese TH Milk is implementing in Kaluga region, is aimed not only at saturation of the domestic market, but also at export,» said Deputy Prime Minister Alexey Gordeev. As stated earlier, the Minister of agriculture Dmitry Patrushev, Russia needs 6-8 years to have full self-sufficiency in milk...

The Arkhangelsk Region will organize the second advance-development territory (TOR) in Novodvinsk, a mono-industrial city, which is located in the Russian Arctic zone, the region’s Minister of Economic Development Semen Vuimenov told. "The application contains six promising investment projects, where the investments will exceed 1 billion rubles ($17.5 million), and - most importantly - we shall have more than 100 new jobs," he said. "It would be a breakthrough in the work to diversify...

German carmaker BMW Group expects to sign a special investment contract for the construction of a full cycle plant in Kaliningrad region before the end of the year, Member of the Board of Management of BMW Group AG Oliver Zipse told TASS. According to him, the company is currently in the process of negotiations with Russian partners, regional and federal authorities. "We aim to finalize it before the end of the year," he said, adding that manufacturing for the local market would be the...

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