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First business talks take place at Sochi investment forum

The current forum in Sochi features over 7,000 participants

SOCHI, September 16 (Itar-Tass) —— First business negotiations took place at the X Sochi international investment forum on Friday.

First Deputy Governor of the Krasnodar Territory Dzhambulat Khatuov and Italy’s Ambassador to Russia Antonio Zanardi Landi discussed further development of the Russia-Italy economic cooperation in the region, the governor’s press service reported on Friday.

Khatuov said that over recent eighteen months the trade turnover between Kuban and Italy had almost tripled and reached 1.17 billion dollars in 2010.

The ambassador stressed that Italy is interested in expanding investments of Italian businesses in Kuban’s various sectors and in more active participation of companies in big projects in the region. The sectors of interest are tourism /for example, Italians are ready to share experience in first-class ski resorts/, agriculture /including winemaking/, and technologies in construction and industries.

Italian experts may be useful at construction sites of Sochi’s Winter Olympic Games. The region has large-scale programmes to modernise industry and organise modern production. Italian technologies are being used now at Krasnodar’s plant of metal constructions.

“this experience may and should be developed,” Khatuov said.

The sides agreed to continue the dialogue with involvement of businesses from the Krasnodar Territory and from Italy.

The current forum in Sochi features over 7,000 participants – businesses and officials, 35 foreign countries and 60 Russian regions. During the days of the forum, the airport in Sochi will welcome 700 flights – twice more than it served during the forum of 2010.

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