Russian Prime Minister Dmitry Medvedev has ordered to consider the establishment of an agency for the promotion of regional investment (RAPIR).
"I gave a special instruction the day before yesterday to consider the formation of a special-purpose entity, the Russian agency for the promotion of regional investment. In fact, this is a rather successful international practice. Many countries have such agencies. It is supposed to be a one-window service for foreign investors," Medvedev said at a roundtable of the International Investment Forum Sochi 2013.
He said the agency would focus on investors proposing medium business projects valued more than $5 million. This agency will be useful for regions, the premier said.
This year’s Sochi International Investment Forum takes place on September 26-29 in Russia’s Black Sea resort town of the same name and host of the 2014 Winter Games. Read more>>>
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