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2008-12-09

St. Petersburg – a city with potential

Despite the big fall within the building sector and an increase in unemployment there are still several business opportunities for Swedish companies in St. Petersburg says the vice president Sergey Fiveysky at the committee for economic development, industrial policy and trade in S:t Petersburg. This was announced during a seminar at Mannheimer Swartling on Wednesday.


RUSSIA IS ALSO STARTING TO
experience the dispersion effect from the global financial crisis. On Wednesday night there was a reportage where the Russian president Dmitrij talked about the financial crisis on channel one in Russia. Despite the economic development in Russia, Sergey Fiveysky at the committee for economic development, industrial policy and trade in St. Petersburg pointed out that St. Petersburg is an interesting city for international investors.

- St. Petersburg and north-west Russia are big markets with almost 14 million inhabitants.  They are the leading regions in Russia when it comes to industrial growth. In addition, St. Petersburg is an administrational and innovation centre with good transportation opportunities. Its´ geographical location is also convenient for the rest of the Russian market. Right now, people in St. Petersburg are creating many infrastructure projects such as a circular road which is expected to be completed in 2009 and also the “Orlovtunnel” underneath the river “Neva” in S:t Petersburg.

 

 
Björn Riese, the law firm Mannheimer Swartling and Sergey Fiveysky (to the left) during the seminar that was arranged by the chamber of commerce in S:t Petersburg, the chamber of commerce in the east of Sweden and Mannheimer Swartling.

ACCORDING TO SERGEY FIVEYSKY and other economical analysts, St. Petersburg will survive better during the stagnation than other Russian regions.

- Naturally, the financial crisis affects the situation for investors. But our goal is to attract international investors and we will stick to that plan. Since the incomes among the population have increased the revenue has increased tremendously over the past five years. According to Sergey Fiveysky the states ´budget will continue to grow over the next couple of years.

 

DURING THE SEMINAR ANNA EGOROVA, who is the executive at the industrial section, talked about the 15 economical zones located in Russia.

 
- In Russia we have industrial, technical, recreational and tourism zones that are regulated by the federal law. Since 2006, St. Petersburg has its own economical zone within technology and innovation. The goal with this zone is to create a scientific production chain where participants are linked together and cooperates. In order to reach this goal, the government has decided to develop different IT and technological projects. In addition, the government wants to make the parks “Neudorf” and “Novo-Orlovskoe” better. Neudorf is located 1 hour south-west of St. Petersburg and the area itself is as big as 18 hectares. Soon, 10 corporations will be able to work and live in Neodorf. Novo-Orlovskoe, which is located 40 minutes north of St. Petersburg will be considerable bigger with a size of 110 hectares. This is a place where 20.000 people will find jobs. There will also be a recreation zone within the area.

 

IN ADDITION TO THESE INVESTMENSTS, the high-technological park “Ingria” is at its first stage of being built.

- The purpose of the park “Ingria” is to help small and medium-sized businesses in Russia to actualize their innovations. We hope that this will lead to synergy effects and that corporations will grow stronger says Ilya Tolstov who is the executive for “Ingria”.

In this area of 170.000 square meters there will also be hotels for businesses, residences, exercise facilities and much more. The park is expected to be finished in 2015.

 

Text and photo: Emelie Ring

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