In 2018 the trade turnover of Kuban and Austria accounted for more than 26 million dollars

This news was disclosed in course of the event «Day of Russian regions» hosted by RF Ministry of Economic Development in Vienna.

Krasnodar region is among 11 regions invited for participation. The presentation of the investment potential of the region for Austrian partners took place at the business meeting. The delegation of Kuban also attended the meeting of the core group on cooperation.

As reported at the regional department of investments & development of SME, the relationships between the region and Austria are of sustainable and long-standing nature. They also demonstrate a strong economic potential. Over the year 2018, the foreign economic turnover of Kuban with Austria made around 26.7 million dollars.

- There is a whole set of public support measures provided to foreign investors in the region. On our part, we represent and warrant that our Austrian partners will be provided with comprehensive support and assistance in running businesses as well as support for their investments and property rights, - noted Yury Volkov, Chief of the Department.   

Within the scope of the meeting, it is planned to hold b2b negotiations with the representatives of business communities of Austria as well as to hold a meeting with the representatives of Austrian business in order to discuss the prospects of attracting investments into Krasnodar region and arranging a business mission. 

Press-Service of the Administration of Krasnodar region