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Investment Development Agency appeared in Chuvashia

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Investment Development Agency appeared in Chuvashia

Investment Development Agency has been created in Chuvashia. Such decree was adopted today by the Cabinet of the Republic.

The main objectives of the agency will be attracting investments into the economy and the provision of comprehensive support for investment projects.

Head of Chuvashia, Oleg Nikolaev, pointed out that it will also allow to actualize support for investment projects, because the Chuvash Republic Development Corporation is not able to cope with this task.

It is assumed that the new organization will synchronize the work of all development institutions in all sectors of the economy, as well as provide cross-cutting mutual penetration of all existing enterprises.

The new organization will be founded by the Ministry of Economic Development of the Chuvash Republic. The supervisory board of the agency will be headed by Nikolaev. He will also coordinate the activities of all the development institutions in the region.

The Administration also informed that the House of Investor will be created in the Republic to interact with the representatives of the companies that will invest in the projects in the region.

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Author: Maria Buzanakova

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