UN Security Council blocks statement condemning attack on Russian embassy in DamascusWorld July 26, 4:27
Russia looks into its citizen’s removal from domestic US flightWorld July 26, 3:43
US House of Representatives passes bill to toughen sanctions on RussiaWorld July 26, 1:09
Diplomat blasts US media reports on Russia's alleged arms supplies to TalibanRussian Politics & Diplomacy July 25, 21:39
Putin, Iraqi vice-president discuss possible supplies of T-90 tanksMilitary & Defense July 25, 21:18
Sports minister hopes for Russia’s membership reinstatement with IAAF before 2018Sport July 25, 20:47
The highlights of 2017 FINA World ChampionshipsSport July 25, 19:37
IAAF to hear report on Russia’s reinstatement ahead of 2017 Athletics World ChampionshipSport July 25, 19:25
EU Council to discuss Nord Stream 2 project in SeptemberBusiness & Economy July 25, 19:13
HELSINKI, November 28. /ITAR-TASS/. The potential of Russian-Finnish innovation cooperation is not yet fully tapped, Igor Koval, director of the Investment Policy Department in the Russian Ministry of Economic Development, told the Rubicon Finnish-Russian Investment Forum here on Thursday.
“We believe the potential of Russian-Finnish innovation which is huge is not fully tapped so far. We observe a positive tendency: the volume of Finnish companies’ investment in Russia is now rising and Russian companies are quite active in entering the Finnish market in traditional branches of the economy and in innovation ones,” Koval said.
He said Russian business now has large significant and interesting investment projects in Finland. However, in order to attract still more Finnish investors to Russia, the business climate should be improved.
“There is progress in business climate, but there is room for further improvement,” he said. “We are aware that we should keep abreast of the international practice and exchange experience with our partners,” Koval said.
He said the memorandum of cooperation was signed on Wednesday by the Russian Ministry of Economic Development and the Finnish Ministry of Employment and the Economy.
“The document will promote more vigorous exchange of information on changes in the investment climate and measures being taken to perfect conditions of business, exchange of information on potential investment projects and those that are being implemented and require support of the Finnish and Russian sides,” Koval told Itar-Tass.
“We have also agreed to cooperate more actively in steps to inform business people of the latest changes in legislation and measures of support by both sides,” he said.