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Sochi forum yields deals worth over $3 billion — deputy PM

March 01, 8:14 UTC+3 SOCHI
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SOCHI, March 1. /TASS/. The total value of deals concluded within the framework of the Sochi Investment Forum is estimated at about 200 billion rubles ($3.4 billion at the current exchange rate), Russian Deputy Prime Minister Dmitry Kozak said.

"For the first time we are holding the forum in wintertime. It has been only six months since the previous one was held, but, nevertheless, evidence shows that this decision was justified. The number of participants was up 8% [compared to the previous forum]. Early estimates of the value (of the deals concluded) put the figure at 200 billion rubles, but those are intermediate results," Kozak said.

He described the forum as a success, with about 600 companies taking part, including 80 from abroad.

"There is great interest toward the forum," he said.

The Russian Investment Forum in Sochi opened on Monday and concluded Tuesday. The forum’s program focused on three themes: "New regional policy - opportunities for development; improving business performance; and successfully achieving projects in life."

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