The authorities of Bashkortostan have signed a cooperation agreement with the A7 Management company from Orenburg at the St. Petersburg International Economic Forum (SPIEF-2021). The company intends to develop its own production facilities within the framework of the agreement, with investments worth about 700 million rubles, the Ministry of Agriculture of Bashkortostan reports.

"A7 Management" is a major investor in the Republic's agro-industrial complex. The regional enterprise "A7 Agro-RB" carries out its production activity in seven districts of Bashkortostan. During its operation more than 200 new jobs were created in the region and around 1 billion investments were allocated," Ilshat Fazrakhmanov, head of the ministry, said in a statement.

It is specified, that the new program of crop and cattle breeding will be realized by the company in Baltachevsky district, the investments for purchase of agricultural machinery are estimated in 500 mln. roubles. Besides, the investor will allocate 200 million rubles to projects in Bizhbulyaksky district.

SPIEF-2021 will be held from June 2 to 5. This year the theme of the forum is "Together Again. Economy of new reality". The event is organized by the Roscongress Foundation.

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Author: Karina Kamalova